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IONQ Gains on Quantum Sensing Expansion and $100 Price Target
IONQ Gains on Quantum Sensing Expansion and $100 Price Target
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BTCCSquare news:
Quantum computing firm IonQ saw its shares rise 4.3% on October 9 as bullish sentiment swept the sector. The uptick follows two key developments: the acquisition of Vector Atomic, a quantum sensing specialist, and a $100 price target from B. Riley Securities analyst Craig Ellis.
The Vector Atomic deal positions IonQ in the quantum sensing market, where defense, aerospace, and autonomous vehicles are expected to drive demand. Ellis, a top-ranked analyst, maintains a Buy rating and projects 29% upside, citing long-term growth potential as quantum computing matures.
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