4 Analysts Assess IonQ: What You Need To Know
Portfolio Pulse from Benzinga Insights
Analysts' ratings for IonQ (NYSE:IONQ) over the last quarter show a mix of bullish and bearish sentiments. The average 12-month price target has decreased by 20.28% to $13.25. Key analysts have lowered their price targets, reflecting a cautious outlook on the company's future performance. IonQ has shown significant revenue growth but faces challenges in profitability and returns.
August 12, 2024 | 5:01 pm
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NEGATIVE IMPACT
Analysts have mixed ratings for IonQ, with a notable decrease in the average 12-month price target by 20.28% to $13.25. Despite strong revenue growth, the company faces challenges in profitability and returns.
The decrease in the average price target and the lowering of ratings by key analysts indicate a cautious outlook on IonQ's future performance. Despite strong revenue growth, the company's profitability and returns are below industry averages, which could negatively impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100