IonQ ( (IONQ) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
IonQ’s stock price surged following Cantor Fitzgerald’s initiation of coverage with an Overweight rating and a $45 price target. The excitement is fueled by the analyst’s confidence in the economic potential of quantum computing, predicting IonQ could secure a significant share of the market by 2035. This optimistic forecast is based on the early-stage growth and strategic positioning of IonQ in the quantum technology sector.
More about IonQ
YTD Price Performance: -6.96%
Average Trading Volume: 22,047,118
Technical Sentiment Signal: Buy
Current Market Cap: $10.49B
For further insights into IONQ stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.