D-Wave (QBTS) shares surged over 20% on Oct. 23 amid reports of potential U.S. government investment in quantum tech companies. The program may provide minimum funding awards of $10 million per firm through the Commerce Department, boosting D-Wave’s financial stability. Despite a recent rally, QBTS stock is down about 30% from its high. Options data suggests further upside for QBTS shares, with contracts pointing to a $44 level by mid-January. Wall Street analysts maintain a “Strong Buy” rating on D-Wave, with price targets indicating a potential 60% upside from current levels.

Read more at Barchart: Trump Admin Jumpstarts D-Wave Quantum. Barchart Options Data Tells Us QBTS Stock Could Be Headed Here Next.