IonQ price target raised to $21 from $12 at Craig-Hallum

Craig-Hallum analyst Richard Shannon raised the firm’s price target on IonQ to $21 from $12 and keeps a Buy rating on the shares. IonQ reported strong Q2 results in-line with the preannouncement, and raised its bookings forecast, the analyst tells investors in a research note. IonQ continues to execute well in all aspects of business, and systems reaching the market by YE25 could achieve quantum advantage, the firm says.