Roth MKM analyst Suji Desilva raised the firm’s price target on D-Wave Quantum (QBTS) to $3 from $2 and keeps a Buy rating on the shares. The company’s revenue and bookings opportunities persist as it continues to penetrate key vertical opportunities, and the firm expects steady service revenue and recovery of professional services with backlog building in the quarter, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QBTS: