Roth Capital lowered the firm’s price target on D-Wave Quantum (QBTS) to $30 from $40 and keeps a Buy rating on the shares. The company reported “solid” Q4 bookings and indicated that 2026 bookings thus far have expanded significantly, the analyst tells investors in a research note. Roth lowered the target to reflect incremental operating expenses from D-Wave’s Quantum Circuits acquisition. However, the firm is “encouraged” by the company’s “strong funding position in support of these investments.”
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