Is IonQ Stock a Buy Now?
IonQ (NYSE: IONQ) has captured the attention of investors looking to play the long game in quantum computing. This nascent market, which is emerging as tech companies invest in entirely new ways of developing computer systems, has a lot of potential to grow. McKinsey estimates that it could be worth $2 trillion a decade from now.
But it's also highly speculative at the moment. , another important quantum computing player, recently said that a core benchmark used to test advanced quantum computers "has no known real-world applications."
IonQ's unique approach to developing quantum computers has helped propel the company's share price by more than 300% over the past 12 months. But is the stock a buy right now? Here's why I'm skeptical.
Source Fool.com
Alphabet Inc. C Stock
The stock is one of the favorites of our community with 54 Buy predictions and 4 Sell predictions.
On the other hand, the target price of 260 € is below the current price of 264.55 € for Alphabet Inc. C, so the potential is actually -1.72%.
