D-Wave Quantum Inc. is trading 3.1% up today at $30.07, driven by several bullish analyst updates following the company's June 1 Investor Day.
- Roth Capital raised its price target to $40 from $30, while Rosenblatt Securities reiterated a Buy rating with a $43 target.
- Needham & Company and Stifel also reiterated their Buy ratings, citing confidence in the company's technology roadmap and commercial strategy presented at the event.
- The updates follow D-Wave's presentation where it detailed its dual-platform quantum computing approach and long-term growth plans.