Stifel raised the firm’s price target on D-Wave Quantum (QBTS) to $35 from $26 and keeps a Buy rating on the shares. A “strong” Q3 demonstrating accelerating commercial momentum validates the company’s thesis that annealing quantum computing can deliver tangible value, the analyst tells investors. The narrative is shifting from purely technical milestones to a defensible commercial story, separating D-Wave from its more research-focused peers, the analyst contends.
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