Wedbush Initiates IonQ With Outperform Rating on Quantum Growth Potential

Core Viewpoint - Wedbush initiated coverage of IonQ, Inc. with an Outperform rating and a $60 price target, emphasizing the company's unique quantum computing technology and growing commercial momentum [1] Company Summary - IonQ's trapped-ion quantum computing architecture, developed over 25 years of academic research, is noted as a distinctive and powerful approach in the quantum computing sector [2] - The technology is still in its early stages, with current adoption limited to a small group of commercial, industrial, and academic users, but IonQ has established a strong and expanding sales pipeline [2] Financial Performance - IonQ's revenue increased significantly from $22 million in 2023 to $43 million in 2024, with projections indicating it will more than double again in 2025 to exceed $100 million [3] - Broader commercial adoption is identified as a key catalyst for IonQ and the quantum computing industry, despite the sector being in its infancy [3]