Morgan Stanley analyst Joseph Moore raised the firm’s price target on IonQ (IONQ) to $58 from $32 and keeps an Equal Weight rating on the shares ahead of the company’s report due after the market close on Wednesday, November 5. The firm is expecting upside to revenue and “a bullish outlook” from management around recent news after the Trump administration signed two technology development agreements with the UK, Korea, and Japan that call out quantum specifically. All of those are geographies where IonQ has a footprint, the analyst noted in a preview.
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