IonQ initiated with an Overweight at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage of IonQ (IONQ) with an Overweight rating and $45 price target Quantum computing is in the early stages but remains one of the most highly coveted technical milestones with significant economical implications, the analyst tells investors in a research note. Cantor believes IonQ can capture 20% of the quantum hardware, software, and services market by 2035, or roughly to $636M in present value terms.