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Canaccord Cites Leadership in Quantum Annealing Supporting D-Wave Quantum Inc. (QBTS) Upside
Yahoo Finance· 2026-02-12 14:00
Core Insights - D-Wave Quantum Inc. (NYSE: QBTS) is recognized as a strong buy tech stock, with a recent price target increase from Canaccord to $43, reflecting confidence in its leadership in quantum annealing and potential in error-corrected superconducting gate model systems [1][5]. Group 1: Company Developments - D-Wave Quantum Inc. announced a $10 million, two-year enterprise quantum computing as a service agreement with a Fortune 100 company, focusing on the development and deployment of multiple quantum-powered applications [2]. - The company specializes in commercial quantum systems, software, and cloud services aimed at real-world optimization, AI, and research problems, utilizing both annealing and gate-model technologies [3]. Group 2: Market Position and Outlook - Canaccord's report highlights D-Wave's leadership in quantum annealing as a key factor supporting its upside potential in the market [5].