Rosenblatt initiated coverage of IonQ (IONQ) with a Buy rating and $70 price target The firm views IonQ as an attractive way to gain exposure to the quantum computing market, a market it believes provides the next era of computing. The quantum computing market is positioned to be a “multiple winner market and not a winner takes all market,” the analyst tells investors in a research note. Rosenblatt thinks IonQ is well positioned to be a winner and notes it will be exiting 2025 with annualized revenues in excess of $100M, nearly doubling in 2026, and could be on track for $1B in revenue over the next few years.
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