D-Wave Quantum price target lowered to $2 from $4 at Benchmark

Benchmark lowered the firm’s price target on D-Wave Quantum to $2 from $4 and keeps a Buy rating on the shares. Q3 results continued to reflect positive customer adoption trends and “strong progress toward moving applications from proof of concept to production deployments,” says the analyst, who believes D-Wave is “the only quantum computing provider with active commercially deployed applications in a customer production environment.”