B. Riley analyst Craig Ellis initiated coverage of IonQ (IONQ) with a Buy rating and $61 price target which offers ~7% potential 12-month upside. The firm says IonQ is sector’s revenue growth leader, tracking for a third year of 100% year-over-year gains. IonQ’s pipeline is progressing, with a fifth-generation product launching in the second half of 2025, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IONQ:
- Bullish flow in IONQ with shares up 4.76%
- Quantum Computing News: UCLA Unveils New Tech, Quantinuum Targets $10 Billion, IonQ Gains Morgan Stanley
- Mixed options sentiment in IONQ with shares down 1.67%
- Fed Rate-Cut Hopes Ignite Rally in Quantum Stocks
- Morgan Stanley Buys 7% of IonQ, Adding Weight to Quantum Investing Trend