IonQ price target lowered to $15 from $21 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on IonQ to $15 from $21 and keeps a Buy rating on the shares. The firm says IonQ had another solid report, with upside to quarterly sales guidance and increased bookings guidance. IonQ’s announcements about gate fidelities and error correction don’t mean much to the average tech investor but are about the most important metrics to track for any QC modalities, says Craig-Hallum. While IonQ has to make good on its claims, its track record of hitting its goals has been excellent in the near four years since going public, the firm adds.