D-Wave Quantum initiated with an Overweight at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage of D-Wave Quantum (QBTS) with an Overweight rating and $20 price target Quantum computing is in the early stages but remains one of the most highly coveted technical milestones with significant economical implications, the analyst tells investors in a research note. Companies are utilizing D-Wave’s Annealing technology in optimization problems, such as scheduling and logistics routing, and achieving productivity improvements, and D-Wave has demonstrated quantum computational supremacy on real-world problems, the firm says.