D-Wave Quantum Stock Jumps as Mizuho Target Hike Revives QBTS Rally
D-Wave Quantum Inc. shares moved sharply higher after Mizuho analyst Vijay Rakesh raised the firm’s price target on QBTS to $35 from $29 and kept an Outperform rating on the stock. The latest available quote showed D-Wave at $26.26, giving the company a market value of about $9.65 billion. Investopedia reported that the rally also lifted other quantum names, including Quantum Computing Inc., Rigetti Computing and IonQ, showing that investors treated the call as a sector signal rather than a D-Wave-only event. The stock rose because the new target reinforced the market’s belief that D-Wave can be more than a quantum annealing company. Quantum annealing is a computing approach often used for optimization problems, while gate-model quantum computing is the broader circuit-style approach pursued by many industry rivals. D-Wave’s June 1 roadmap targets 100 logical qubits by 2032; logical qubits are error-corrected qubits designed to be more reliable than raw physical qubits. Chief Executive Dr. Alan Baratz said, “The industry has spent years talking about fault tolerance. We believe D-Wave has a highly differentiated and credible path to achieving it.”