D-Wave Quantum price target raised to $2.50 from $1.75 at Craig-Hallum

Craig-Hallum raised the firm’s price target on D-Wave Quantum to $2.50 from $1.75 and keeps a Buy rating on the shares. The firm notes the company’s Q4 was a study of contrasts, as its sales were easily below guidance/consensus, but showed strong bookings and improved gross margins. D-Wave’s customer base continues to expand commercially and overall, with both seeing a noticeable increase quarter-over-quarter, Craig-Hallum says.