What's Going On With IonQ Stock Today?
Portfolio Pulse from Erica Kollmann
IonQ, Inc. (NYSE:IONQ) reported mixed Q2 financial results, with revenue of $5.5 million, beating the analyst consensus estimate of $4.35 million, but a loss of 22 cents per share, missing estimates of a loss of 13 cents per share. The company also reported a record $28 million in bookings. Craig-Hallum analyst Richard Shannon maintained IonQ with a Buy and raised the price target from $12 to $21. IonQ shares are trading up over 22% at $17.42.
August 11, 2023 | 3:01 pm
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IonQ reported mixed Q2 results but with record bookings and a raised price target from Craig-Hallum analyst, the stock is trading higher.
IonQ's mixed Q2 results showed strong revenue growth and record bookings, indicating a positive outlook for the company. This, coupled with a raised price target from a Craig-Hallum analyst, has led to a surge in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100