IonQ Stock Rides Upgrades to Record High

Core Insights - IonQ's shares have increased by 5.8%, trading at $58.81, following positive analyst notes and a successful Analyst Day presentation [1] - The stock reached a new all-time high of $59.16, marking a 658.8% year-over-year increase [2] - A short squeeze may support the stock's upward momentum, with short interest rising by 27% [3] Analyst Ratings - Needham Securities raised its price target for IonQ from $60 to $80 [1] - B. Riley Securities increased its price target from $61 to $75 [1] Market Activity - IonQ's stock is experiencing heightened activity in options trading, with 73,000 calls and 34,000 puts traded, which is double the usual volume [5] - The most popular options contract is the monthly 60-call strike [5] Sentiment Analysis - Despite recent gains, long-term sentiment remains bearish, indicated by a high put/call volume ratio of 2.53 [4] - An unwinding of bearish bets could potentially drive IonQ's stock price higher [4]