IonQ: The Best Quantum Stock With Huge Upside

Summary:

  • Quantum stocks like IonQ, Rigetti Computing, and D-Wave Quantum have surged, but IonQ stands out due to its strong revenue generation and Big Tech partnerships.
  • IonQ’s technological edge, particularly its ion-trapped quantum computing, offers broader usability and higher accuracy, securing its market leadership.
  • IonQ’s financial health is robust, with significant cash reserves, low debt, and a quick ratio of 11.51, indicating low financial risk.
  • With projected revenue growth of 100% annually, IonQ is expected to reach a target price of $126 in the near-term.

3D illustration of a working quantum computer. Quantum computing concept

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Investment Thesis

Stocks within the quantum space have seen tremendous growth in recent months. Quantum stocks like IonQ (IONQ), Rigetti Computing (NASDAQ:RGTI), and D-Wave Quantum (QBTS) has all had a remarkable run these


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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