What's Going On With IonQ Inc Stock?
Portfolio Pulse from Erica Kollmann
IonQ, Inc. (NYSE:IONQ) shares are trading higher, despite being down by over 30% in the last month. Morgan Stanley analyst Scott Fessler maintained an Equal-Weight on IonQ and lowered the price target from $16 to $12. The company's co-founder and chief scientist, Dr. Chris Monroe, is set to depart. IonQ is expected to report a loss of 18 cents per share and quarterly revenue of $4.998 million in its Q3 financial results.
November 01, 2023 | 5:10 pm
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IonQ's stock is trading higher despite a significant drop over the past month. The departure of a key figure and a lowered price target by Morgan Stanley may impact investor sentiment.
IonQ's stock has been volatile, with a significant drop over the past month. The departure of co-founder Dr. Chris Monroe could potentially impact the company's direction and investor confidence. Additionally, Morgan Stanley's lowered price target may also affect investor sentiment negatively. The upcoming Q3 results, expected to show a loss, could further impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100