D-Wave Quantum price target raised to $3 from $2 at Roth MKM

Roth MKM analyst Suji Desilva raised the firm’s price target on D-Wave Quantum (QBTS) to $3 from $2 and keeps a Buy rating on the shares. The company’s revenue and bookings opportunities persist as it continues to penetrate key vertical opportunities, and the firm expects steady service revenue and recovery of professional services with backlog building in the quarter, the analyst tells investors in a research note.