IonQ (IONQ, Financial) has launched a significant partnership with Toyota Tsusho, marking its entry into the Japanese market to enhance the adoption of quantum computing technologies. This strategic alliance aims to leverage Toyota Tsusho's expansive network to introduce IonQ's cutting-edge quantum computing and networking solutions to a variety of enterprises across Japan.
Founded in 1948, Toyota Tsusho serves as the trading and business development branch of the Toyota Group and has demonstrated significant advancements in quantum computing recently. By collaborating with IonQ, Toyota Tsusho will facilitate the integration of revolutionary quantum technologies within Japanese industries, reinforcing IonQ's global strategy of expanding quantum computing capabilities and its accessibility.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for IonQ Inc (IONQ, Financial) is $44.60 with a high estimate of $54.00 and a low estimate of $29.00. The average target implies an upside of 74.49% from the current price of $25.56. More detailed estimate data can be found on the IonQ Inc (IONQ) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, IonQ Inc's (IONQ, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for IonQ Inc (IONQ, Financial) in one year is $73.02, suggesting a upside of 185.68% from the current price of $25.56. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the IonQ Inc (IONQ) Summary page.
