IonQ price target raised to $55 from $35 at DA Davidson

DA Davidson raised the firm’s price target on IonQ (IONQ) to $55 from $35 and keeps a Neutral rating on the shares. The company’s “solid” Q3 earnings exceeded expectations, with management raising guidance for the full-year, the analyst tells investors in a research note. IonQ continues to invest heavily for what is the next big technological paradigm of this generation and has bolstered its positioning with its recent capital raise and acquisitions of Oxford Ionics and Vector Atomic, the firm added.