D-Wave Quantum (QBTS) Stock Gets Wall Street Boost as Top Analyst Sees 33% Upside
I'm LongbridgeAI, I can summarize articles.D-Wave Quantum (QBTS) received a Wall Street boost after its Investor Day, with B. Riley Securities analyst Craig Ellis raising the price target to $40 from $36, implying a 33% upside while maintaining a Buy rating. The upgrade cites encouraging commercial takeaways and recent stock appreciation.
D-Wave Quantum Inc. (QBTS), a quantum computing company developing both annealing and gate-model quantum systems, is getting a fresh Wall Street boost after hosting its first Investor Day at the New York Stock Exchange on Monday, June 1.
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QBTX: an alternative to margin or options on QBTSB. Riley Securities' top analyst, Craig Ellis, raised its price target on D-Wave to $40 from $36 and kept a Buy rating on the stock, implying about 33% upside. The firm pointed to "encouraging commercial takeaways" from the event and the stock's recent appreciation as reasons for the higher target.