Dec. 16 at 10:07 AM
Jefferies Research on
$QBTS :
• Rating: Buy (coverage initiated)
• Price Target:
$45.00 per share from Jefferies.
From the Jefferies report on
$QBTS:
• Jefferies initiated coverage with a Buy rating and set a
$45 target.
• The firm sees quantum computing ecosystem growth and rising commercial adoption as key catalysts.
• They highlighted D-Wave’s dual roadmap combining quantum annealing with gate-model capabilities, which could open multiple use cases in optimization, simulation, and chemistry workloads.
• Jefferies noted customer traction across industries like manufacturing, logistics, telecom, and pharmaceuticals, with >100 organizations running production workloads.
• From a financial standpoint, the company has strong liquidity (hundreds of millions in cash with low debt), positioning it to invest in growth.
