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Benzinga

IonQ Stock Is Soaring Thursday: What's Going On?

Benzinga
Summary
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IonQ Inc. reported better-than-expected third-quarter results and announced a series of partnerships.

Multiple analysts raised price targets following the print, which appears to be adding to the upward momentum.

Total revenue grew 102% year-over-year and the company saw $63.5 million in new bookings.

IonQ also announced partnerships with Ansys and NKT Photonics .