D-Wave Quantum: It's A Growth Company, With A Long Way To Go

Company Overview - D-Wave Quantum (NYSE: QBTS) recently announced its Q4 2024 results, highlighting positive developments for the company [1] - The stock was trading just over $9 per share with a market capitalization around$2.2 billion when it was last covered in December [1] Investment Approach - The investment strategy focuses on long-term ownership rather than short-term price predictions, emphasizing valuations over target prices [1] - The analyst has shifted from a more cautious approach, which included many Sell recommendations, to a simplified Buy or Don't Buy strategy as of March 2024 [1] Market Position - The company is positioned in the quantum computing sector, which is gaining traction and interest from investors [1]