D-Wave Quantum price target raised to $4.50 from $3.75 at B. Riley

B. Riley analyst Craig Ellis raised the firm’s price target on D-Wave Quantum (QBTS) to $4.50 from $3.75 and keeps a Buy rating on the shares. The firm sees numerous positive higher-level intermediate to long-term sector thesis takeaways in support of quantum computing companies, the analyst tells investors in a research note. B. Riley sees further evidence of frontier technology investor investment interest in search of “what’s next” potential beyond in-progress AI enthusiasm may be forming to potentially further benefit D-Wave Quantum’s end demand, financials, and its stock sentiment in quarters and years ahead.