TD Cowen Starts D-Wave Quantum Inc. (QBTS) at Buy

TD Cowen analyst Krish Sankar initiates coverage on D-Wave Quantum Inc. (NYSE: QBTS) with a Buy rating.

The analyst comments "We initiate on QBTS with a Buy rating. Leadership in quantum annealing is driving growth via high-margin, Advantage system sales and cloud services. Newly acquired QCI DRQ tech accelerates the superconducting gate program with 99.9%+ fidelity rates and is key to TAM expansion. Balance sheet offers capacity for further M&A and accelerating time to market."

For an analyst ratings summary and ratings history on D-Wave Quantum Inc. click here. For more ratings news on D-Wave Quantum Inc. click here.

Shares of D-Wave Quantum Inc. closed at $19.64 yesterday.

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