IonQ price target raised to $60 from $45 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on IonQ (IONQ) to $60 from $45 and keeps an Overweight rating on the shares. IonQ’s Analyst Day presentation outlined the company’s strategy to build the most powerful quantum computer, enabling commercial-scale quantum networks with post quantum cryptography, and global space- based quantum internet capabilities, the analyst tells investors in a research note. IonQ is in the early stages of commercializing its technology, and Cantor came away from the event with a positive view about the company’s roadmap to commercializing quantum computing and their potential leadership in the sector, the firm says.