IonQ price target lowered to $45 from $50 at Benchmark

Benchmark lowered the firm’s price target on IonQ (IONQ) to $45 from $50 and keeps a Buy rating on the shares following what the firm calls “another solid quarterly performance.” The company continues to make “strong progress across technical and operational fronts,” with the highlights of the quarter being the acquisition of ID Quantique, a $500M planned capital raise, and a new partnership with SK Telecom, the analyst tells investors.