IonQ, Inc. (NYSE:IONQ) shares are experiencing a notable rise today, trading up 7% during mid-day trading. The stock reached a high of $47.49, with a significant number of shares changing hands, although the volume was 19% lower than the average session volume. This uptick in IonQ's stock price comes amid a backdrop of positive analyst sentiment. Several equities research analysts have recently issued favorable reports on the company, with Needham & Company LLC, Craig Hallum, and Benchmark all raising their target prices for IonQ shares. Notably, Craig Hallum increased its price target to $45.00, and DA Davidson initiated coverage with a "buy" rating and a $50.00 target price. The consensus among analysts is a "Moderate Buy" rating, with a consensus target price of $28.60.
IonQ's stock is currently priced at $46.36, reflecting a 7.57% increase from its previous close of $43.10.