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IonQ stock rating reiterated at Overweight by Cantor Fitzgerald
Cantor Fitzgerald has reiterated its Overweight rating and a $70.00 price target for IonQ, Inc. (NYSE:IONQ), a quantum computing company. This target aligns with the broader analyst consensus, and IonQ expects to report full-year revenue at the high end or above its guidance range of $106-110 million, demonstrating strong revenue growth. The company is actively pursuing inorganic growth through acquisitions like Skyloom Global Corp. and the planned acquisition of SkyWater Technology, despite facing challenges such as a short seller report.