Thu Jul 24 11:10:00 UTC 2025: **Summary:**

D-Wave Quantum (QBTS) stock experienced a significant surge, closing up 15.6% on Wednesday, driven by bullish analyst coverage from B. Riley and Canaccord. Canaccord initiated coverage with a “buy” rating and a $20 price target, while B. Riley reiterated its “buy” rating and raised its target to $22. D-Wave, a quantum computing company, has seen its stock rise over 140% year-to-date, fueled by breakthroughs in quantum computing and positive sentiment in the tech sector. While quantum computing offers potential in areas like AI, it remains a nascent technology with uncertain prospects.

**News Article:**

**D-Wave Quantum Stock Soars on Analyst Upgrades**

NEW YORK, NY – Shares of D-Wave Quantum (NYSE: QBTS) jumped sharply Wednesday, closing up 15.6%, after receiving optimistic analyst coverage. The quantum computing firm saw its stock price buoyed by reports from B. Riley and Canaccord Genuity.

Canaccord initiated coverage on D-Wave with a “buy” rating and set a one-year price target of $20 per share. B. Riley also reiterated its “buy” rating on the stock, increasing its price target from $20 to $22 per share.

The bullish sentiment follows a strong year for D-Wave, with the stock now up over 140% year-to-date. This growth has been driven by advances in quantum computing and optimism surrounding its potential impact on artificial intelligence (AI) and other high-value technology sectors. Nvidia CEO Jensen Huang’s positive comments regarding the industry have also fueled investor interest. Broader market conditions, including anticipation of future Federal Reserve interest rate cuts, are also contributing to a favorable environment for growth stocks.

“D-Wave appears to be positioning itself as a leader in the emerging quantum computing space,” noted one analyst.

However, analysts caution that quantum computing is still in its early stages, and the future of the industry remains uncertain. Investing in D-Wave is considered high-risk, high-reward.

“While the potential upside is significant, investors should be aware of the inherent risks associated with this nascent technology,” cautioned a B. Riley analyst. “Volatile trading is expected as the market continues to assess the long-term potential of quantum computing.”

While some investors are betting big on D-Wave, The Motley Fool Stock Advisor team recently released a list of “10 best stocks for investors to buy now.” D-Wave Quantum didn’t make the cut.

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