11 Hot Growth Stocks to Invest in Now

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​6. D-Wave Quantum Inc. (NYSE:QBTS)

6-Month Performance: 595.34%

Number of Hedge Fund Holders: 24

​D-Wave Quantum Inc. (NYSE:QBTS) is one of the Hot Growth Stocks to Invest in Now. On October 16, Sujeeva De Silva from Roth Capital raised the firm’s price target on D-Wave Quantum Inc. (NYSE:QBTS) from $20 to $50, while keeping a Buy rating.

​The increased price target follows the company’s announcement regarding signing an agreement with Swiss Quantum Technology to deploy a D-Wave Advantage2 quantum computer in Europe. The deal is worth 10 million euros.

The analyst noted that he is encouraged by the company’s latest agreement in Europe. He highlighted that this deal paves the way for potential hardware sales. He noted that by securing additional customers, D-Wave Quantum Inc. (NYSE:QBTS) has validated the firm’s constructive thesis on the company.

​D-Wave Quantum Inc. (NYSE:QBTS) is a quantum computing company that develops quantum computing systems, software, and cloud services for enterprises and developers.

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