Needham Sets D-Wave Quantum $40 Target as 11 Analysts' Median Also Stands at $40
Updated
Updated · Quiver Quantitative · Jun 7
Needham Sets D-Wave Quantum $40 Target as 11 Analysts' Median Also Stands at $40
2 articles · Updated · Quiver Quantitative · Jun 7
Summary
Needham analyst N. Quinn Bolton set a $40 price target on D-Wave Quantum, adding to a recent cluster of bullish calls on the quantum-computing stock.
11 analyst targets issued over the past six months now show a $40 median, with Rosenblatt at $43 and several firms—including Roth, B. Riley and Cantor Fitzgerald—also at $40.
Wall Street sentiment remains one-sided: four firms have issued buy or outperform ratings in recent months, while no sell ratings were listed in the report.
That support comes despite weak fundamentals and mixed positioning data—D-Wave posted Q1 2026 revenue of $2.9 million, down 80.95% year over year, while insiders logged 19 sales and no purchases in six months.