Wall Street Analysts Think D-WAVE QUANTUM (QBTS) Could Surge 26.39%: Read This Before Placing a Bet

Group 1 - D-Wave Quantum Inc. (QBTS) shares have increased by 38.3% over the past four weeks, closing at $7.58, with a mean price target of $9.58 indicating a potential upside of 26.4% [1] - The average price targets from analysts range from a low of $8 to a high of $12, with a standard deviation of $1.43, suggesting a variability in estimates; the lowest estimate indicates a 5.5% increase, while the highest suggests a 58.3% upside [2] - Analysts are optimistic about QBTS's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which has historically correlated with stock price movements [4][11] Group 2 - Over the last 30 days, two earnings estimates for QBTS have been revised upward, leading to a 33.3% increase in the Zacks Consensus Estimate [12] - QBTS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [13] - While consensus price targets may not be entirely reliable, the direction they imply appears to be a good guide for potential price movement [13]