Published on 7 Mar 2024 on Zacks via Yahoo Finance

Should You Invest in D-Wave Quantum Inc. (QBTS) Based on Bullish Wall Street Views?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Let's take a look at what these Wall Street heavyweights have to say about D-Wave Quantum Inc. (QBTS) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.

D-Wave Quantum Inc. currently has an average brokerage recommendation (ABR) of 1.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by four brokerage firms. An ABR of 1.00 indicates Strong Buy.