IonQ price target raised to $55 from $50 at Benchmark

Benchmark analyst David Williams raised the firm’s price target on IonQ (IONQ) to $55 from $50 and keeps a Buy rating on the shares after having recently hosted a fireside chat with CEO Niccolo de Masi and CFO Thomas Kramer. IonQ is positioning itself as “a leader in both quantum computing and the increasingly critical field of quantum networking,” contends the analyst, who believes the company has the most commercial business model and differentiated go to market strategy among peers.

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