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.
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
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