Roth Capital analyst Suji Desilva 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 is encouraged by D-Wave signing of an additional European customer which includes a pathway to an eventual hardware sale, which is helpful in securing of additional customers that are leveraging the company’s quantum annealing technology and supporting the firm’s constructive thesis, the analyst tells investors in a research note.
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