Benchmark Maintains Buy on D-Wave Quantum, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst David Williams has maintained a Buy rating on D-Wave Quantum (NYSE:QBTS) but has reduced the price target from $4 to $2.
November 14, 2023 | 2:20 pm
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Benchmark analyst David Williams maintains a Buy rating on D-Wave Quantum but lowers the price target from $4 to $2.
The reduction in the price target from $4 to $2 by a Benchmark analyst, despite maintaining a Buy rating, could lead to a negative perception among investors and potentially cause a short-term decline in QBTS's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100