Fri Jan 10 11:30:00 UTC 2025: ## D-Wave Quantum Stock Dips Despite Positive Analyst Ratings

**Sioux Falls, SD – January 24, 2024** – D-Wave Quantum Inc. (NYSE: QBTS) experienced an 8.3% drop in its stock price on Tuesday, closing at $9.36 after trading as low as $9.20. Trading volume was significantly lower than average, with 33,624,566 shares changing hands, a 46% decrease from the average session volume. This follows a previous close of $10.21.

Despite the downturn, several analysts maintain a positive outlook on the company. Recent reports from Needham & Company LLC, B. Riley, Benchmark, Roth Mkm, and Craig Hallum all issued buy ratings with price targets ranging from $2.25 to $9.00. MarketBeat.com reports a consensus buy rating among six analysts, with an average target price of $5.63.

However, the market reaction suggests investor concerns outweigh the positive analyst sentiment. This decline comes amidst insider selling; major shareholder Sector Pension Investme Public sold 1,000,000 shares on December 20th at an average price of $6.68. Over the past ninety days, insiders have sold a total of 10,081,459 shares. Despite this, institutional investor ownership remains significant at 42.47%, with several funds increasing their holdings in recent quarters.

D-Wave Quantum, a developer of quantum computing systems, software, and services, boasts a market capitalization of $2.57 billion. The company’s products include the Advantage quantum computer and the Leap cloud-based service.

While analysts remain bullish on D-Wave Quantum, MarketBeat highlights that other stocks are considered superior buys by top-rated analysts. The article concludes with a call to action, directing readers to explore MarketBeat’s research for further insight into potentially undervalued companies.

Read More