|
|
|
|
|||||
|
|
|
New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
D-Wave Quantum Inc. (NYSE:QBTS) is one of the Hot Growth Stocks to Invest in Now. On October 16, Sujeeva De Silva from Roth Capital raised the firm’s price target on D-Wave Quantum Inc. (NYSE:QBTS) from $20 to $50, while keeping a Buy rating.
The increased price target follows the company’s announcement regarding signing an agreement with Swiss Quantum Technology to deploy a D-Wave Advantage2 quantum computer in Europe. The deal is worth 10 million euros.
The analyst noted that he is encouraged by the company’s latest agreement in Europe. He highlighted that this deal paves the way for potential hardware sales. He noted that by securing additional customers, D-Wave Quantum Inc. (NYSE:QBTS) has validated the firm’s constructive thesis on the company.
D-Wave Quantum Inc. (NYSE:QBTS) is a quantum computing company that develops quantum computing systems, software, and cloud services for enterprises and developers.
While we acknowledge the potential of QBTS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
| 4 hours | |
| Oct-18 | |
| Oct-17 | |
| Oct-17 | |
| Oct-17 | |
| Oct-16 | |
| Oct-16 | |
| Oct-16 | |
| Oct-16 | |
| Oct-16 | |
| Oct-16 | |
| Oct-16 | |
| Oct-15 | |
| Oct-15 | |
| Oct-15 |
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Learn more about FINVIZ*Elite