D-Wave Quantum Inc. (QBTS) saw a 7.50 percent increase on Tuesday, reaching $25.52 per share after two days of losses. Jefferies recommended a “buy” on QBTS, setting a price target of $45, indicating a 76 percent upside potential from its latest closing price.

The optimism surrounding D-Wave Quantum Inc.’s (QBTS) Advantage2, a quantum computer capable of solving complex problems in business and science, contributed to the stock’s rise. Additionally, early portfolio adjustments ahead of the company’s conference, Qubits 2026, also fueled the rally.

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Read more at Yahoo Finance.: D-Wave (QBTS) Soars 7% as Jefferies Says ‘Buy’