Wedbush initiated coverage of D-Wave Quantum (QBTS) with an Outperform rating and $35 price target While still in its infancy, the firm sees broad commercial adoption as being the next major catalyst for the industry and for D-Wave in particular since its annealing systems are ready for commercial use today. The combination of D-Wave’s large addressable market and significant real-world benefits from optimization that can be applied across many industries and verticals, coupled with expected energy efficiencies, make D-Wave Quantum a compelling investment, Wedbush argues.
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