D-Wave Quantum price target raised to $3 from $2 at Roth MKM

Roth MKM raised the firm’s price target on D-Wave Quantum to $3 from $2 and keeps a Buy rating on the shares. The company’s Q4 revenue growth came with steadily improving bookings, reflecting increasing customer traction, the analyst tells investors in a research note. The firm adds that D-Wave is positioned to benefit from vertical focus near-term on manufacturing/logistics as well as efforts to productize an quantum computing enhancement for AI training.