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IonQ Receives Price Target Hike Ahead of Q3 Earnings, Quantum Tech Partnerships in Focus

IonQ Receives Price Target Hike Ahead of Q3 Earnings, Quantum Tech Partnerships in Focus

Author:

Global Cryptocurrency

Published:

2025-11-05 04:31:02

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BTCCSquare news:

Morgan Stanley's Joseph Moore raised IonQ's price target to $58 while maintaining a Hold rating, anticipating an 8.7% upside. The quantum computing firm is expected to report a 118% revenue surge to $26.99 million despite projected losses, with recent international quantum technology agreements likely to fuel management's bullish outlook.

The analyst's track record lends weight to the revision—ranked #286 among 10,109 analysts with a 16.6% average return. Institutional confidence is further evidenced by Morgan Stanley Investment Management's 7% stake, holding 18.4 million shares.

By:

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