D-Wave Quantum Stock Surges on Analyst Optimism and Strategic Shift

D-Wave Quantum US26740W1099

Shares of quantum computing firm D-Wave Quantum experienced a significant rally yesterday, closing 11.5% higher at $25.09. The surge was accompanied by exceptionally high trading volume, which reached nearly 40 million shares—far exceeding the stock’s average daily activity. During the session, the price even touched an intraday high of $25.29 before settling.

A primary catalyst for the move was the initiation of analyst coverage by Evercore ISI on Tuesday. Market strategist Mark Lipacis issued an “Outperform” rating alongside a price target of $44 per share. This target implies an upside potential of approximately 75% from the stock’s current trading level.