TD Cowen initiated coverage of D-Wave Quantum (QBTS) with a Buy rating and no price target The company’s leadership in quantum annealing is driving growth and high margins, the analyst tells investors in a research note. TD believes D-Wave’s newly acquired dual-rail qubits from Quantum Circuits accelerates its superconducting gate program and will expand its total addressable market.
Claim 30% Off TipRanks
Trade QBTS with leveragePublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QBTS:
- Is D-Wave (QBTS) Gaining Ground Among Quantum Stocks?
- Mixed options sentiment in D-Wave Quantum with shares down 3.56%
- Looking for Quantum Computing Exposure? QTUM Is Still the Market’s Only ETF Option
- 2 ‘Strong Buy’ Quantum Computing Stocks to Buy Now, According to Analysts
- QTUM vs. KOMP vs. XT: Which ETF Offers the Best Pure Play Quantum Computing Exposure?