Roth Capital raised the firm’s price target on D-Wave Quantum (QBTS) to $50 from $20 and keeps a Buy rating on the shares. The firm said it is encouraged by D-Wave’s signing of an additional European customer which includes a pathway to an eventual hardware sale. The securing of additional customers that are leveraging the company’s quantum annealing technology supports Roth’s constructive thesis, the analyst tells investors in a research note.
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