D-Wave Quantum price target lowered to $1.50 from $2.50 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on D-Wave Quantum to $1.50 from $2.50 and keeps a Buy rating on the shares. D-Wave reported Q2 results below consensus and didn’t provide forward sales guidance, the analyst tells investors in a research note. D-Wave is making strides in the technology and business sides, but the balance sheet will continue to need work, and the firm would like to see faster progress on getting customers to production.