IonQ Stock: BofA Sets $60 Price Target on Quantum Scaling
Bank of America initiated coverage on IonQ with a Buy rating and a $60 price target, citing the company's semiconductor-enabled approach to scaling qubit counts and its diverse customer base. The analyst highlighted IonQ's status as the largest public pure-play quantum computing company by revenue,...
Bullish Signals
- Bank of America initiated Buy with $60 price target.
Bearish Signals
- Mizuho cut price target to $52 from $61 due to valuation concerns.
- Analysts note blended EV/S multiple of 5.4x is below optimistic peers.