We recently published 10 Stocks With Eye-Popping Double-Digit Gains. D-Wave Quantum Inc. is one of the biggest performers on Wednesday.
D-Wave snapped a three-day losing streak on Wednesday, jumping 15.41 percent to close at $20.30 apiece following two investment firms’ bullish ratings and price target upgrades for the company.
In its market note, Canaccord gave D-Wave Quantum Inc. a “buy” recommendation with a price target of $20 apiece.
Shortly after, investment firm B. Riley echoed the view, giving the quantum stock a “buy” recommendation but with a higher price target of $22 apiece, despite expecting to report $2 million in revenues and lower earnings per share of $0.07 for the current quarter, as against the consensus $2.54 million and $0.08 per share.
Last week, D-Wave Quantum Inc. also received a bullish comment from Mad Money host and former hedge fund manager Jim Cramer, advising a caller to own shares in the company.
“[In just] one headline, one little story, that stock goes up 10 more points…and D-Wave has the ability to do that because it is actually a real company,” he said.
