D-Wave Quantum Inc. (NYSE: QBTS) is identified as a hot growth stock to invest in, with Roth Capital raising its price target from $20 to $50 on October 16. The company signed a 10 million euro agreement with Swiss Quantum Technology to deploy a D-Wave Advantage2 quantum computer in Europe.

The analyst believes that the recent European agreement signals potential hardware sales for D-Wave Quantum Inc. (NYSE: QBTS), validating a positive outlook for the company. QBTS is a quantum computing firm that provides systems, software, and cloud services for enterprises and developers.

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Read more at Yahoo Finance: Roth Capital Raises the PT on D-Wave Quantum (QBTS), Maintains a Buy