BUZZ-Jefferies starts coverage on quantum computing cos, bullish on D-Wave and IonQ
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Jefferies initiates coverage on quantum computing companies D-Wave Quantum and IonQ with 'buy' ratings, setting price targets at $45 and $100, respectively. Rigetti receives a 'hold' rating with a $30 price target. Jefferies highlights ecosystem growth and technology advantages for D-Wave and IonQ, while noting Rigetti's balanced outlook amid industry challenges. Year-to-date, D-Wave, IonQ, and Rigetti shares have risen 183%, 10.3%, and 54.2%, respectively.
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