BillionDollarBreaks – ROTH MKM Raises Price Target on D-Wave Quantum Inc. (NYSE: QBTS) from $2.00 to $5.00

Company: D-Wave Quantum Inc. (QBTS)
Category: News

D-Wave (NYSE: QBTS), a leader in the development and delivery of quantum computing systems, software and services, was featured in a recent equity research report published by ROTH Capital Partners LLC. An excerpt of the report reads, “QBTS represents a next-generation quantum computing service provider that enables advanced applications that derive a quantum advantage over classical compute capability. QBTS’ adjusted 2Q23 and CY23 revenue expectations reflect revenue recognition timing for service contracts but is seeing no impact on customer cash collections and an improving profitability outlook. We believe investor interest in the growth opportunity in quantum computing is intensifying and raise our price target from $2.00 to $5.00. We maintain our Buy rating.”

To view the full report, visit https://ibn.fm/fjPMG

About D-Wave Quantum Inc.

D-Wave is a leader in the development and delivery of quantum computing systems, software and services, and is the world’s first commercial supplier of quantum computers — and the only company building both annealing quantum computers and gate-model quantum computers. The company’s mission is to unlock the power of quantum computing today to benefit business and society. D-Wave does this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection and financial modeling. D-Wave’s technology is being used by some of the world’s most advanced organizations, including Volkswagen, Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, Forschungszentrum Jülich, University of Southern California, and Los Alamos National Laboratory. For more information, visit the company’s website at www.DWaveSys.com.

NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS

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