D-Wave Quantum Surged Today -- Is the Stock a Buy Right Now?

D-Wave Quantum (NYSE: QBTS) stock is soaring higher in Wednesday's trading thanks to bullish analyst coverage. The quantum-computing company's share price closed out the daily session up 15.6%.D-Wave's valuation is seeing another big jump today thanks to new coverage from analysts at B. Riley and Canaccord. The quantum specialist's share price is now up more than 140% year to date. Canaccord published a report early this morning initiating coverage on D-Wave Quantum with a buy rating and a one-year price target of $20 per share. Soon after, B. Riley also published new coverage on the stock -- maintaining a buy rating and raising its one-year price target from $20 per share to $22 per share. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool