D-Wave's Quantum Momentum Impresses Analyst, Sees Stronger Commercial Uptake Ahead

Needham analyst Quinn Bolton reiterated the Buy rating on D-Wave Quantum Inc. QBTS, raising the price forecast from $8.50 to$13.On Thursday, the company reported revenue of $15 million for the quarter ended March 31, a more than sixfold increase on a year-over-year basis. The revenue boost was largely driven by the first recognized sale of its Advantage quantum computing system to a major research institution and increased client adoption of its hybrid quantum solutions.Bolton pointed out several key devel ...