On July 30, D-Wave Quantum Inc. rose 5.04% in pre-market trading, trading at $17.0/share, with turnover of $5.53 million.

On the news front, the stock is rebounding after a cumulative decline exceeding 15% over two consecutive sessions following an initial 18%+ surge driven by an expanded quantum computing partnership with AT&T. Benchmark recently initiated coverage on the stock with a Buy rating and a $30 price target, citing that the current period represents a pivotal year for quantum computing technology achieving broad commercial recognition. The rebound appears linked to a technical recovery from short-term oversold conditions resonating with institutional bullish expectations.

Additionally, the company is scheduled to report second-quarter earnings before market open on August 6, with consensus EPS estimates at -$0.12. Earlier this year, Mizuho raised its target price to $35, while B. Riley lifted its target to $40, both maintaining Buy ratings, reflecting broad institutional confidence in the quantum computing sector.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)