Morgan Stanley raised the firm’s price target on IonQ (IONQ) to $30 from $29 and keeps an Equal Weight rating on the shares. Revenue in the quarter and guidance were slightly ahead of estimates, but with no change to the full-year revenue guidance of $85M, the analyst tells investors. While the lack of upside to revenue could be viewed as a disappointment after $95.6M in bookings last year and the announced deals for Lightsynq and Capello in the quarter, the firm sees strategic rationale for these and prior deals, the analyst added.
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