D-Wave Quantum Inc. (QBTS) experienced a significant pre-market plunge, with its stock falling 5.11%.
The decline follows negative analyst actions, including Mizuho cutting its price target on the stock to $40 from $46, and Evercore ISI lowering its target to $42 from $44. These downward revisions by major financial institutions contributed to the bearish sentiment in pre-market trading.
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