D-Wave's Quantum Momentum Impresses Analyst, Sees Stronger Commercial Uptake Ahead

1. Needham raised QBTS price target from $8.50 to $13. 2. D-Wave reported a 6-fold year-over-year revenue increase to $15 million. 3. Successful sale of Advantage system boosted margins to 93.6%. 4. Commercial interest in quantum blockchain continues to rise. 5. Company remains EBITDA-negative, potential for dilutive financing persists.