Why IonQ Rallied This Week
Shares of IonQ, Inc. (NYSE: IONQ) rallied 11.6% this week through Thursday trading, according to data from S&P Global Market Intelligence.
The quantum computing leader didn't report any news this week. However, the massive rally in quantum computing stocks we've seen over the few past months continued as several Wall Street sell-side analysts weighed in positively on the technology and IonQ specifically.
On Monday, Morgan Stanley Joseph Moore upped his price target on IonQ from $14.90 to $37, saying, "We can't identify a clear catalyst for this kind of equity appreciation in the space over that time, but we do see continued indications that investment in quantum should continue growing at a rapid pace."
Source Fool.com
