Mizuho Starts IonQ, Inc. (IONQ) at Outperform

Mizuho analyst Vijay Rakesh initiates coverage on IonQ, Inc. (NYSE: IONQ) with a Outperform rating and a price target of $90.00.

The analyst comments "IONQ - Initiate Outperform at $90 PT, 11x F30E P/S, a ~20% discount to our DCF valuation and implies ~73% upside to current share price. We see IONQ as a leader with: 1) trapped ions' low error rates and higher coherence times potentially driving a faster commercial ramp vs. superconducting if qubit scaling can be executed, and 2) delivering a full-stack solution with computing, networking, and sensing."

For an analyst ratings summary and ratings history on IonQ, Inc. click here. For more ratings news on IonQ, Inc. click here.

Shares of IonQ, Inc. closed at $51.67 yesterday.

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