Stifel initiated coverage of D-Wave Quantum (QBTS) with a Buy rating and a $26 price target on August 5. The firm highlighted QBTS as a pioneering quantum computing company with commercial quantum annealing systems. QBTS is expected to benefit from the growing quantum market projected to reach $10 billion by 2030.

D-Wave Quantum Inc. (QBTS) is positioned to capture 15% of the quantum market value with a strong commercial presence and key system sales to customers like Germany’s Julich Supercomputing Centre. QBTS offers quantum computing systems, software, and services, as well as cloud access through its Leap platform.

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Read more at Yahoo Finance: Stifel initiated coverage of D-Wave Quantum (QBTS) With a Buy Rating