D-Wave Quantum (QBTS) Stock on December 3, 2025: New U.S. Government Unit, Evercore’s $44 Target and What It Means for Investors
D-Wave Quantum shares jumped 11% to $25.08 after launching a U.S. Government Business Unit focused on federal contracts. Evercore ISI began coverage with an “Outperform” rating and a $44 target. The stock’s market cap stands near $8 billion, up 168% year to date, with short interest over 19%. Volatility remains high, with swings of 10–30% per session.