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Barchart

Sushree Mohanty

Bank of America Put a $60 Price Target on IonQ. The Quantum Bet Is Picking Up Speed.

IONQ Bank of America Semiconductor SkyWater

IonQ (IONQ) has moved beyond being simply a bet on whether quantum computers eventually work. The company is now expanding its business into quantum computing, networking, sensing, security, and semiconductor manufacturing.

That shift helps explain why Bank of America has put a $60 price target on IONQ and why some analysts are expecting the stock to soar even higher.

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