Benchmark Maintains Buy on IonQ, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst David Williams maintains a Buy rating on IonQ (NYSE:IONQ) but lowers the price target from $16 to $12.
August 12, 2024 | 4:56 pm
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NEUTRAL IMPACT
Benchmark analyst David Williams maintains a Buy rating on IonQ but lowers the price target from $16 to $12.
The Buy rating suggests continued confidence in IonQ's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100