Shares of D-Wave Quantum Inc. (QBTS) are surging in pre-market trading on Monday, jumping 8.44% as investors react to a positive analyst report. The quantum computing company's stock has been on an impressive run, with this latest boost adding to its already substantial gains over the past year.

The catalyst for today's rally appears to be a top analyst's decision to raise the price target on D-Wave Quantum stock. While specific details of the new price target were not provided, the move signals growing confidence in the company's prospects within the quantum computing sector. This vote of confidence from Wall Street is likely driving increased investor interest and contributing to the stock's pre-market surge.

D-Wave Quantum has been making waves in the quantum computing industry, with its stock price reflecting growing optimism about the technology's potential. The company's shares have skyrocketed by an impressive 1,281% over the past year, highlighting the market's enthusiasm for quantum computing and D-Wave's position within this emerging field. As the company continues to develop and commercialize its quantum computing technology, investors will be closely watching for further developments and potential breakthroughs that could drive future growth.