Wedbush initiated coverage of IonQ (IONQ) with an Outperform rating and $60 price target Founded on more than 25 years of pioneering academic research, IonQ’s trappedion quantum computers have emerged as a unique and powerful architecture, the firm says. The technology remains in its nascent stages, with adoption limited to a small group of commercial, industrial, and academic institutions. That said, Wedbush would note IonQ has developed a robust sales pipeline, with sales nearly doubling from 2023 to 2024, and set to more than double again in 2025 to over $100M. While still in its infancy, the firm sees broad commercial adoption as being the next major catalyst for the IonQ and the broader industry.
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