NetworkNewsBreaks – D-Wave Quantum Inc. (NYSE: QBTS) ‘Buy’ Rating Maintained, WestPark Capital Increases Price Target
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…