Canaccord Cites Leadership in Quantum Annealing Supporting D-Wave Quantum Inc. (QBTS) Upside

We recently compiled a list of the 15 Best Strong Buy Tech Stocks to Invest In. The fifteenth stock on our list of best Strong Buy stocks is D-Wave Quantum Inc.

TheFly reported on January 29 that Canaccord raised its price target on QBTS to $43 from $41 and maintained a Buy rating. The firm cited confidence in QBTS’s continued leadership in quantum annealing and its growing potential in developing error-corrected superconducting gate model systems.

Canaccord Cites Leadership in Quantum Annealing Supporting D-Wave Quantum Inc. (QBTS) Upside

Earlier on January 27, D-Wave Quantum Inc. (NYSE:QBTS) announced a $10 million, two-year enterprise quantum computing as a service agreement with a leading Fortune 100 company. The partnership will focus on developing and deploying multiple quantum-powered applications, marking a key milestone in D-Wave’s enterprise adoption of annealing quantum computing.

D-Wave Quantum Inc. (NYSE:QBTS) is a U.S. quantum computing company that develops and delivers commercial quantum systems, software, and cloud services for real‑world optimization, AI, and research problems, including both annealing and gate‑model technologies.

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