D-Wave Quantum Stock: A New Price Target Fuels Bullish Momentum

A fresh analyst note is generating significant buzz for D-Wave Quantum Inc. (NYSE: QBTS) this week. Mizuho Securities has initiated coverage on the quantum computing firm with a notably bullish stance, setting a price target that suggests substantial upside and positioning the company ahead of key rivals. The central thesis hinges on D-Wave’s distinct technological approach and its potential for near-term commercial application.

Mizuho analyst Vijay Rakesh commenced coverage on D-Wave Quantum with an “Outperform” rating. His price target of $46.00 per share represents a potential gain of approximately 71% from the stock’s previous closing price of $26.80. In pre-market trading Thursday, the shares reacted positively to this development, posting notable Read more...