D-Wave Quantum (QBTS) received an upgraded price target of $35 per share after the company’s inaugural Analyst Day, according to Mizuho Securities analyst Vijay Rakesh.
Analyst Upgrade
Rakesh lifted the target from $29 to $35, implying roughly a 50% upside from the current price of $23.37. The stock sits about 50% below its 2026 high of $46.75 and has slipped 10.6% since the start of the year. Rakesh ranks fourth among 12,304 analysts tracked by TipRanks, boasting a 73% hit‑rate and an 83.20% average return on his calls.
Technology Roadmap
The Analyst Day, held on June 1, 2026 at the New