As previously reported, Stifel initiated coverage of D-Wave Quantum (QBTS) with a Buy rating and $26 price target The firm calls D-Wave “a pioneering quantum computing company” as well as the first to deliver commercial quantum annealing systems. Management says that the company is funded sufficiently to reach profitability, notes the analyst, who believes that the quantum computing market is on track to grow into a $10Bmarket by 2030 and applies “a base case assumption” of 15% market share for D-Wave.
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