Roth MKM raised the firm’s price target on D-Wave Quantum (QBTS) to $7 from $3 and keeps a Buy rating on the shares. The company has announced a new common stock sale agreement as a follow-on to its successful existing agreement executed to date, and with this announcement and increased share liquidity in the marketplace, D-Wave Quantum should have a healthy funding position relative to the expected near-term cash burn, the analyst tells investors in a research note.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
