D-Wave Quantum Inc. (QBTS) saw its stock price surge 5.12% during intraday trading on Monday, as positive analyst sentiment and anticipation for upcoming earnings provided a boost to investor confidence.
The movement was supported by Rosenblatt Securities analyst John McPeake reiterating a Buy rating on the stock and maintaining a price target of $43.00, signaling strong conviction in the company's future performance.
Additionally, market attention was drawn to the stock ahead of its May 2026 earnings report, with discussions highlighting D-Wave Quantum as a top pick in the quantum computing space and citing potential upside of 80%, further fueling the intraday rally.