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Stock impact report

What Do Analysts Think About D-Wave Quantum Inc. (QBTS)? [Yahoo! Finance]

D-Wave Quantum Inc. Common Shares (QBTS) 
Company Research Source: Yahoo! Finance
an Outperform rating by Wedbush on December 17 with a price target of $35. The firm told investors that although still in its infancy, it sees the industry and the company benefiting from broad commercial adoption as the next major catalyst. This holds especially true since D-Wave Quantum Inc.'s (NYSE:QBTS) annealing systems are ready for commercial use. Wedbush added that the combination of the company's significant real-world advantages from optimization and its considerable addressable market is applicable across various industries and verticals, making D-Wave Quantum Inc. (NYSE:QBTS) a compelling investment when coupled with the anticipated energy efficiencies. Jefferies also initiated coverage of D-Wave Quantum Inc. (NYSE:QBTS) on December 16 with a Buy rating and a $45 price target, detailing that the company is well-positioned to benefit from ecosystem tailwinds elevating sentiment and usage across quantum architectures. It further stated that with Advantage2 commercially a Show less Read more
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