U.S. stocks move: D-Wave Quantum rises another 1.6% in pre-market trading as Mizuho expresses optimism about its quantum computing development roadmap and raises its target price

Glonghui, June 16｜Quantum computing company D-Wave Quantum (QBTS.US) continued to rise 1.6% in pre-market trading, now at $26.68; the stock closed up 12.37% yesterday. According to reports, after the company’s first Analyst Day event, Mizuho Securities raised its price target and reiterated its optimistic view on the company’s long-term prospects. The bank raised D-Wave’s target price from $29 to $35 and maintained an “Outperform” rating. Analysts from the bank said that D-Wave not only continues to lead in the quantum annealing sector, but also demonstrated a clear technical roadmap toward fault-tolerant gate-model quantum computing, which has significantly strengthened market confidence in the company’s long-term growth prospects. Mizuho believes that as the quantum computing market gradually matures and the company continues to deliver on its technology roadmap, D-Wave is expected to maintain its industry-leading position and benefit from the rapid development of the quantum computing industry in the coming years.