IonQ shares are trading higher after Benchmark maintained a Buy rating on the stock and raised its price target from $8 to $17.
Portfolio Pulse from Benzinga Newsdesk
Benchmark has maintained a Buy rating on IonQ's stock and increased its price target from $8 to $17, leading to a rise in IonQ's share price.
July 17, 2023 | 4:21 pm
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IonQ's stock price is trading higher after Benchmark maintained a Buy rating and raised its price target from $8 to $17.
The increase in IonQ's price target by Benchmark, a well-respected analyst firm, indicates a positive outlook for the company's stock. This has led to an increase in the stock's price as investors react to the news. The maintained Buy rating also suggests that the firm believes the stock is undervalued at its current price, further boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100