BMO Capital Initiates D-Wave Quantum (QBTS) Coverage With Outperform Rating, Eyes 75% Upside
D-Wave Quantum (QBTS) shares surged 7.2% through 12:15 p.m. ET Friday after BMO Capital initiated coverage of the quantum computing company with a bullish rating. BMO Capital analyst Harsh Kumar assigned D-Wave an outperform rating, arguing the stock could climb from $20 to $35 within a year. Kumar described D-Wave as “a revolutionary quantum computing…