D-Wave Quantum (QBTS) Price Target Increased to $35 by Mizuho

AI Summary

Mizuho Securities has raised the price target for D-Wave Quantum Inc. (QBTS) to $35 from $29, while maintaining an 'Outperform' rating. This change follows the company's inaugural analyst day on June 15, 2026, where it outlined a roadmap to achieving 10 logical qubits by 2030 and scaling to 100 by 2032. Billionaire holdings in the company decreased from approximately $95.53 million in Q4 2025 to $39.67 million in Q1 2026, a drop of about $55.86 million. Despite this decline, Rosenblatt maintained a 'Buy' rating and a price target of $43.00, highlighting a recent $100 million investment from the U.S. government.