Stock Track | D-Wave Quantum Soars 5.11% Intraday on Analyst Bullishness and Price Target Increases

Stock Track06-02

D-Wave Quantum Inc. (QBTS) saw its stock price soar 5.11% during Tuesday's intraday trading session, following a wave of positive analyst sentiment and price target adjustments.

The quantum computing company is drawing fresh analyst support after its Investor Day event, with multiple firms issuing bullish outlooks. B. Riley raised its price target on D-Wave Quantum to $40 from $36 while maintaining a Buy rating, and Needham maintained its price target at $40 per share.

According to FactSet, D-Wave Quantum has an average rating of Buy with a mean price target of $37.15. The company's stock is receiving new bullish price targets as analysts weigh the company's commercial quantum systems and software prospects following recent investor presentations.

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