IonQ's Quantum Adoption Accelerates, Analysts Say Anticipated Hardware Sales & Broader Industry Interest Evident
Portfolio Pulse from Anusuya Lahiri
IonQ Inc (NYSE:IONQ) has received positive reviews from analysts following a solid quarterly performance, with raised bookings guidance and an accelerating interest in hardware. The company anticipates a number of new machines to be purchased over the next 18 months. Analysts from Benchmark, Goldman Sachs, and Morgan Stanley have all maintained their ratings and raised their price targets for the company. Despite this, IONQ shares traded lower by 5.86% at $14.80 on the last check Monday.
August 14, 2023 | 6:38 pm
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IonQ Inc's solid quarterly performance and raised bookings guidance have led to raised price targets from analysts. However, the company's shares traded lower recently.
IonQ Inc has shown strong performance and has raised its bookings guidance, which has led to analysts raising their price targets. However, despite these positive indicators, the company's shares have traded lower recently, indicating that the market may not fully reflect the positive outlook from analysts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100