Needham Maintains Buy on D-Wave Quantum, Lowers Price Target to $2.25
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton maintains a Buy rating on D-Wave Quantum (NYSE:QBTS) but lowers the price target from $2.5 to $2.25.

August 09, 2024 | 9:53 am
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Needham analyst Quinn Bolton maintains a Buy rating on D-Wave Quantum but lowers the price target from $2.5 to $2.25.
The maintained Buy rating suggests continued confidence in the company's prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100