Benchmark Reiterates D-Wave Quantum (QBTS) Buy Recommendation
2023-05-23 06:28
US
Fintel reports that on May 22, 2023, Benchmark reiterated coverage of D-Wave Quantum (NYSE:QBTS) with a Buy recommendation.
Analyst Price Forecast Suggests 540.00% Upside
As of May 11, 2023, the average one-year price target for D-Wave Quantum is 6.53. The forecasts range from a low of 1.01 to a high of $14.70. The average price target represents an increase of 540.00% from its latest reported closing price of 1.02.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for D-Wave Quantum is 18MM, an increase of 153.40%. The projected annual non-GAAP EPS is -0.58.
What is the Fund Sentiment?
There are 41 funds or institutions reporting positions in D-Wave Quantum.
This is an increase
of
10
owner(s) or 32.26% in the last quarter.
Average portfolio weight of all funds dedicated to QBTS is 0.06%,
a decrease
of 77.71%.
Total shares owned by institutions decreased
in the last three months by 1.36% to 71,866K shares.
The put/call ratio of QBTS is 0.08, indicating a
bullish
outlook.
What are Other Shareholders Doing?
Public Sector Pension Investment Board holds 59,431K shares representing 46.73% ownership of the company. No change in the last quarter.
Goldman Sachs Group holds 7,939K shares representing 6.24% ownership of the company. In it's prior filing, the firm reported owning 7,940K shares, representing a decrease of 0.00%. The firm decreased its portfolio allocation in QBTS by 56.02% over the last quarter.
Lockheed Martin holds 916K shares representing 0.72% ownership of the company. No change in the last quarter.
180 Degree Capital holds 912K shares representing 0.72% ownership of the company. No change in the last quarter.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 493K shares representing 0.39% ownership of the company.
Key filings for this company:
