Piper Sandler Maintains Overweight on D-Wave Quantum, Lowers Price Target to $2-Report released on 9th Nov 2023
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Harsh Kumar has maintained an Overweight rating on D-Wave Quantum (NYSE:QBTS) but reduced the price target from $3 to $2.
November 10, 2023 | 10:14 pm
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Piper Sandler has maintained an Overweight rating on D-Wave Quantum but lowered the price target from $3 to $2, indicating a potential downside compared to the previous target.
The reduction in price target by Piper Sandler, despite maintaining an Overweight rating, suggests that the analyst sees less upside potential for QBTS than previously thought. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
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