D-Wave (QBTS) Jumps 25% on Advantage2 Launch and Blowout Earnings — Analysts Split on What’s Next
Written by Emily J. Thompson, Senior Investment Analyst
Source: TipRanks
D-Wave Quantum's Significant Quarter: D-Wave Quantum reported a remarkable 507% increase in revenue, reaching $15 million, and launched its sixth-generation Advantage2 quantum system, which features over 4,400 qubits and is already being utilized by customers for complex problem-solving in various fields.
Analyst Sentiment and Future Outlook: Analysts have responded positively to D-Wave's advancements, with price targets raised and a consensus rating of Strong Buy, despite some reservations about the limitations of their technology; the company is now seen as a serious contender in the quantum computing race.
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Analyst Views on JPM
Wall Street analysts forecast JPM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JPM is 341.38 USD with a low forecast of 260.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
11 Buy
7 Hold
1 Sell
Moderate Buy
Current: 306.420
Low
260.00
Averages
341.38
High
400.00
Current: 306.420
Low
260.00
Averages
341.38
High
400.00
About JPM
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. The Company operates through three segments: Consumer & Community Banking (CCB), Commercial & Investment Bank (CIB), and Asset & Wealth Management (AWM). Its CCB segment offers products and services to consumers and small businesses through bank branches, ATMs, digital and telephone banking. Its CIB segment consists of banking and payments and markets and securities services, and offers a suite of investment banking, lending, payments, market-making, financing, custody and securities products and services to a global base of corporate and institutional clients. AWM segment offers investment and wealth management solutions. It offers multi-asset investment management solutions, retirement products and services, brokerage, custody, estate planning, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
J.P. Morgan Launches Active International Equity ETF
- Market Demand Response: J.P. Morgan Asset Management has launched the JPMorgan International Developed Equity Active ETF (TSX: JIDE) to meet Canadian investors' demand for diversified investments in international markets, marking further expansion in the Canadian ETF landscape.
- Investment Strategy Advantage: JIDE focuses on high-quality companies and leverages J.P. Morgan's global research capabilities, aiming to achieve long-term capital growth through investments in international equities, thus meeting investors' expectations for high returns.
- Market Positioning Strengthened: The launch of this ETF marks J.P. Morgan's ninth ETF in Canada, further solidifying its commitment to providing differentiated investment solutions and helping investors pursue long-term growth in global markets.
- Trading Initiated: JIDE has completed its initial unit offering and is now trading on the Toronto Stock Exchange, signifying J.P. Morgan's ongoing efforts to provide efficient access to international markets for Canadian investors.
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Coinbase CEO Faces Harsh Criticism at Davos
- Davos Showdown: At the World Economic Forum, JPMorgan CEO Jamie Dimon confronted Coinbase CEO Brian Armstrong, accusing him of lying on television, highlighting Wall Street's dissatisfaction and pressure on the cryptocurrency sector.
- Stablecoin Rewards Battle: Coinbase is in fierce competition with banks over stablecoin rewards, with banks warning that customers moving to higher-yielding stablecoins could threaten $6.6 trillion in deposits, impacting their lending capabilities, while Armstrong argues for free market competition.
- Political Muscle Display: Armstrong's withdrawal of support for the CLARITY Act before the Senate vote led to its cancellation, showcasing Coinbase's significant political influence, particularly with its $75 million investment in the 2024 elections.
- White House Meeting: Coinbase and banking groups are set to meet at the White House, where Armstrong's proposed new standards for stablecoin issuers could influence future legislation, determining the legal status of Coinbase's business model and core revenue.
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