D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services was spotlighted in a recent WestPark Capital Technology research report.
On July 21st, WestPark Capital, a full-service investment banking and securities brokerage firm, adjusted its D-Wave FY23 revenue/EPS estimates to $12.0 million, maintained FY24 revenue/EPS estimates of $27 million, re-iterated its buy rating on QBTS, and increased their 12-month price target by 100% from $3 to $6.
WestPark Capital’s Kevin Garrigan stated “We believe D-Wave’s quantum annealing system provides benefits and cost savings to commercial customers,” the report analysis stated. “Being the only company that has built a commercial quantum annealing system, we believe D-Wave is in a strong position to benefit from a market opportunity that should grow significantly as we move through the decade.”
To view the full report, visit https://ibn.fm/SaTw3
About D-Wave Quantum Inc.
D-Wave is at the forefront of quantum computing systems, software and services, holding the distinction of being the world’s first commercial supplier of quantum computers. Setting itself apart, D-Wave is unique in constructing both annealing quantum computers and gate-model quantum computers. The company’s primary objective is to harness the potential of quantum computing in the present to bring about advantages for both businesses and society. This is achieved by providing practical quantum applications that deliver value to customers, addressing a wide range of problems such as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection and financial modeling. D-Wave’s cutting-edge technology has been adopted by renowned organizations globally, including Volkswagen, Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, Forschungszentrum Jülich, University of Southern California and Los Alamos National Laboratory. For more information about the company, please visit www.DWaveSys.com.
NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS
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