Roth MKM Maintains Buy on D-Wave Quantum, Raises Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Suji Desilva has maintained a Buy rating on D-Wave Quantum (NYSE:QBTS) and increased the price target from $0.76 to $2. This adjustment reflects a positive outlook on the company's future performance and potential growth.
January 25, 2024 | 3:16 pm
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Roth MKM analyst Suji Desilva has reaffirmed a Buy rating on D-Wave Quantum and raised the price target to $2, indicating a strong conviction in the company's growth prospects.
The increase in price target by a reputable analyst typically signals a positive outlook on the company's future performance and can lead to increased investor confidence. This can result in a short-term uptick in the stock price as the market reacts to the new information.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100