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CSX Positioned for Further Revenue and Margin Growth, RBC Says

CSX (CSX) has more room to grow revenue and margins as rail demand improves and cost controls hold, RBC Capital Markets said Wednesday in a report.The company's Q1 earnings topped expectations, helped by stronger underlying margins and a land sale, RBC said. Excluding the sale, the operating ratio improved, pointing to cost performance that could carry through the year, the report said.Management raised its 2026 revenue outlook to the mid-single-digit range, driven largely by higher fuel-surcharge revenue, the report said. Improving volume trends were not included in the higher guidance, leaving room for upside, especially with CSX's 600-project pipeline and more than 20 projects already placed into service in Q1, RBC said.CSX is now aiming for the high end of its 200- to 300-basis-point margin improvement range, with additional room for operating-ratio gains if recent cost trends continue, the report said. RBC lifted its 2026 EPS estimate to $1.90 from $1.84 and raised its 2027 estimate to $2.11 from $2.06.RBC increased its price target on CSX stock to $47 from $43 and maintained its outperform rating.Price: $46.22, Change: $+3.04, Percent Change: +7.04%

$CSX

Wire56d ago

Update: Morgan Stanley Lifts Price Target on Boeing to $250 From $245, Keeps Equalweight Rating

(Updated to include Morgan Stanley's commentary)Morgan Stanley raised its price target on Boeing (BA) to $250 from $245 following the jet maker's better-than-expected Q1 results, with management guiding to positive free cash flow in the second half of the year.The brokerage highlighted the company's progress in Commercial Airplanes, with positive news on production for the 737 and 787. It sees a positive operational trajectory, but think these impacts are largely priced in and, therefore, maintained its Equal Weight rating.Boeing has an average rating of overweight and mean price target of $267.68, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $233.59, Change: $+2.31, Percent Change: +1.00%

$BA

Wire56d ago

Market Chatter: Regeneron Reaches Drug Pricing Deal, Gains US Nod for Rare Deafness Therapy

Regeneron Pharmaceuticals (REGN) has struck an agreement with the Trump administration to reduce drug costs for certain Americans and has secured approval for a gene therapy to treat a rare form of deafness, Bloomberg reported on Thursday, citing a person familiar with the matter.Regeneron was the last company asked by Trump to align US costs with those in other developed countries under a most favored nations policy.The administration has pressured major pharmaceutical firms to sign pricing agreements to offer discounted prices or align costs with international markets, in exchange for incentives such as tariff exemptions.According to the report, the Food and Drug Administration is expected to authorize the treatment for an ultra-rare inherited hearing-loss condition caused by a genetic mutation.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $763.89, Change: $+17.31, Percent Change: +2.32%

$REGN

Asia Markets56d ago

UK Shares Decline on Continued Geopolitical Tensions, Potential Monetary Policy Tightening

London's FTSE 100 closed 0.19% lower on Thursday as the lack of peace talks between the US and Iran increased the possibility of a protracted conflict and the closure of the Strait of Hormuz, while the latest economic data reignited fears of a tighter monetary policy.Britain's private sector output growth accelerated in April, supported by modest rebounds in manufacturing production and in services activity, flash data from S&P Global showed. The flash UK PMI Composite Output Index hit a two-month high of 52 in April, compared with 50.3 in the previous month and the consensus of 49.8."The UK economy has gathered some renewed momentum in April after the initial impact of the war in the Middle East caused growth to stall in March, but the upturn comes with a catch," S&P Global Market Intelligence Chief Business Economist Chris Williamson said. "The improved rate of expansion is in part a reflection of a short-term boost from a rush to secure purchases ahead of feared price rises and supply shortages linked to the war.""The unexpected rise in the UK PMIs suggests the economy may retain some momentum in Q2, but also that the Bank of England (BoE) may have to raise interest rates to lean against inflation," according to Berenberg. "The rise in the composite output PMI leaves it consistent with growth of 0.2% qoq, above our forecast for unchanged output (0.0%). However, the larger increase in the selling prices balance than in the eurozone coupled with mentions of strong wage pressures points to a higher risk of second-round effects (i.e. pay rises to keep pace with inflation) than we anticipated given the weak labour market backdrop."In corporate news, J Sainsbury (SBRY.L), d/b/a Sainsbury's, posted annual growth in preliminary profit and revenue for fiscal 2026, with a warning that the Middle East conflict will weigh on both its customers and business. The British supermarket chain became one of the FTSE 100's worst performers, with shares down 3.68% at closing."FY25 was broadly in line with profits of GBP1,025m and [free cash flow] beat by +2.5%. Q4 trading was softer in grocery (-30 [basis-point] miss) at +4.5% but [general merchandise] outperformed and beat weak expectations. The problem is the guidance range of GBP975-1,075m which is below current consensus of GBP1,100m and therefore we will see consensus trend downwards," Bernstein said.

FTSE 100$SBRY.L

US Markets56d ago

Tesla Capital Spending Boost to Eventually Bring in More Revenue, UBS Says

Tesla's (TSLA) aggressive capital spending on artificial intelligence initiatives should boost revenue, though it may take some time before those gains materialize, UBS Securities said in a Thursday note to clients.The electric vehicle manufacturer now sees more than $25 billion in capital investment, Chief Financial Officer Vaibhav Taneja said during an earnings call late Wednesday. In January, he said 2026 capex would be "in excess of $20 billion."At the same time, Taneja flagged a negative free cash flow for the rest of 2026 on Wednesday. The company is paying for six factories and has enhanced its investment in AI-related initiatives, including the infrastructure to support Robotaxi and the launch of autonomous humanoid robot Optimus, he told analysts."We are in a very big capital investment phase, which is going to start now and would last a couple of years," Taneja said.Tesla shares were down 2.4% intraday Thursday, despite the company reporting stronger-than-expected first-quarter results."We expect elevated capex for a number of years," UBS analysts including Joseph Spak wrote. "(Tesla's) physical AI ventures offer large potential revenue opportunities, but (it) could take a while to get there."Tesla reported first-quarter capex of $2.49 billion, indicating a "big step up" for the rest of the year, Spak said."Since we expect capex to remain elevated over coming years, we see potential for depreciation to more than double over coming years weighing on (earnings per share)," Spak said.UBS reiterated its neutral rating on Tesla's shares, while raising its price target to $364 from $352.The brokerage upgraded its EPS projections for Tesla to $2 from $1.83 for 2026 and to $2.43 from $2.35 for 2027."Overall, we continue to believe current levels more properly balance the long-term opportunity with near-term concerns on fundamentals and potential fund flows," Spak said.On the call, Tesla Chief Executive Elon Musk said the company's increased capital investments are "well justified.""I think you've seen in most, if not all, certainly the major technology companies, substantially increasing their capital investments, and we're going to be doing the same," he told analysts. "I think it's going to pay off in a very big way. So we're investing in and improving our core technologies, battery, powertrain, AI software, AI training, chip design, manufacturing, laying the groundwork for significantly increased manufacturing production."Price: $378.27, Change: $-9.24, Percent Change: -2.38%

$TSLA

Mining & Metals56d ago

Hemlo Mining Begins Trading on the OTCQX Best Market in the United States

Hemlo Mining (HMMC.V) is now trading on the OTCQX Best Market, under the symbol "HMMCF", the company said on Thursday.The company's shares will also continue to trade on the TSX Venture Exchange."Trading on the OTCQX is an important step in our commitment to broadening access to Hemlo's common shares for investors in the United States and globally," said chief executive Jason Kosec. "It will provide a convenient way for U.S. investors to trade our shares on a U.S. market and in U.S. dollars. Since completing the acquisition of the Hemlo Gold Mine, we have moved with purpose to establish our company as a leading Canadian mid-tier gold producer. Our planned progression from the TSX-V to the TSX, and the commencement of trading on the OTCQX, reflects our confidence in the asset, the strength of our team, and our ambition to reach the widest possible audience of institutional and retail investors."The company's shares were last seen down $0.07 at $6.28 on the TSX Venture Exchange.Price: $6.28, Change: $-0.07, Percent Change: -1.10%

$HMMC.V

Wire56d ago

Rogers Communications' CapEx Cuts to Drive Organic De-levering, RBC Capital Markets Says

Rogers Communications' (RCI) capital expenditure reduction continues to support organic de-levering, which management targets to improve by 40 to 50 basis points over the next four years, RBC Capital Markets said in a note Tuesday.The company lowered its 2026 capex guidance to between 2.5 billion Canadian dollars ($1.83 billion) and CA$2.7 billion, from CA$3.3 billion to CA$3.5 billion previously, pushing free cash flow guidance higher to between CA$4.1 billion and CA$4.3 billion, from CA$3.3 billion to CA$3.5 billion, the brokerage said.RBC said Rogers Communications' management intended to allocate the incremental annual free cash flow of about CA$800 million to debt repayment. The investment firm also noted that the capex cuts are planned to be sustained as the company moves to prioritize critical investments across its networks.RBC Capital Markets raised its price target on Rogers Communications to CA$63 from CA$61, with an outperform rating.Price: $36.96, Change: $-0.52, Percent Change: -1.39%

$RCI

Wire56d ago

IBM Sees 'Solid' Start to 2026 With Q1 Topline Outperformance Coming From Infrastructure, RBC Says

IBM (IBM) saw a "solid" start to the year overall with topline outperformance in Q1 coming from its infrastructure segment, while consulting was in-line with consensus, RBC Capital Markets said in a Wednesday research note.IBM's software segment will be the main driver of 2026 revenue, aided by the company's Confluent acquisition closing about 2 months early, which RBC estimated equates to about $200 million.The company remains on track for an additional $1 billion in productivity savings in 2026, the analysts said, adding that IBM's AI-based software development system "Bob" and advancements in quantum development are key areas to watch throughout the year.IBM's expectation to add about $1 billion in free cash flow in 2026 could prove to be conservative given the company's strong start and ongoing cost saving initiatives, RBC added.RBC maintained its outperform rating with a $330 price target.Price: $229.44, Change: $-22.42, Percent Change: -8.90%

$IBM

Mining & Metals56d ago

TSX up 6 Points at Midday, But With Most Sectors Lower

The Toronto Stock Exchange is up 6 points at midday, with most sectors lower.The biggest decliners are healthcare (-5.0%) likely on some profit taking, and info tech, down 3.5%.Industrials and utilities, up 2.2% and 1.4% respectively, are the best performers.The U.S. Department of Justice has officially reclassified cannabis as less dangerous, moving licensed medical marijuana from Schedule I - which includes the most restricted drugs such as heroin and ecstasy - to Schedule III, the same category as some prescription medicines.Reuters reports that cannabis firms will no longer be subject to Section 280E, a provision of the U.S. federal tax that prevents businesses dealing in Schedule I- and II-controlled substances from claiming tax credits and deductions for business expenses.For its part, Tilray Brands (TLRY.TO), down 5.3%, says it is "positioned" for expansion in the U.S. as federal policy opens the door to rescheduling of cannabis from Schedule I to Schedule III.

S&P/TSX CompositeS&P/TSX Composite$TLRY.TO

Wire56d ago

Elevance Health's Tone on 2027 Commercial Pipeline 'Constructive,' RBC Says

Elevance Health's (ELV) tone on the 2027 commercial pipeline was "constructive," RBC Capital Markets said in a note emailed Thursday.Analysts said that the company's Q1 core performance beat expectations, supported by favorable Medicare claims experience, a better-than-anticipated adjusted operating expense ratio, and early traction with Medicaid cost actions.RBC said it is still cautious on the stock as Elevance navigates an elevated Medicaid cost environment, ongoing Affordable Care Act risk-pool uncertainty, and 2027 Medicare Advantage rates, which continue to fall behind trend.Analysts lowered their Q2 adjusted earnings per share estimate for the company to $6.14 from $6.64. Analysts polled by FactSet expect $6.38.RBC, however, increased the full-year 2026 adjusted earnings per share estimate to $26.82 from $25.55. Analysts surveyed by FactSet expect $26.43.Analysts maintained a sector perform rating on the stock and a $358 price target.Price: $343.85, Change: $+15.65, Percent Change: +4.77%

$ELV

Research56d ago

Research Alert: CFRA Reiterates Buy Opinion On Shares Of The Boeing Company

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our unchanged 12-month target of $278 is 38.0x our 2027 EPS, in line with aerospace peers, which are trading at an average forward P/E of 38.1x. We decrease our 2026 EPS estimate by $2.57 to $0.23 and keep 2027 at $7.32. The fundamental outlook remains constructive, supported by a record $695B backlog and improving production momentum, with 737 rates stabilizing at 42/month with planned increases to 47 this summer and eventually 52 with the new Everett North Line. Key near-term catalysts include 737-7/10 and 777X certifications expected in 2026-2027, 787 deliveries targeting 90-100 aircraft this year, and Defense revenue growth of 21% led by increased operational tempo. Management reaffirmed $1B-3B free cash flow guidance for 2026, with a clear path to $10B+ longer term as production ramps and operational improvements continue across all three business segments. Management noted no delivery deferrals from Middle East customers despite the ongoing conflict, while defense demand has strengthened significantly.

$BA

Asia Markets56d ago

Blue-chip DAX Index Slips as German Private Sector Activity Contracts

German shares ended Thursday in the red, as the market processed weak private sector data alongside war-driven oil price hikes.At closing, the blue-chip DAX index lost 0.16%.Business survey data compiled by S&P Global showed that private sector output in Germany contracted for the first time in nearly a year due to the conflict in the Middle East. The Flash Germany Composite PMI output index came in at a 16-month low of 48.3 in April, against the previous 51.9 and the market forecast of 51.1.Zooming out, the flash composite PMI for the eurozone hit a 17-month low of 48.6 in April, compared with the previous 50.7 and expected 50.2, as private sector output tumbled for the first time in 16 months amid strengthening inflationary pressures."The Iran war and the subsequent surge in energy prices are taking their toll on Europe... This dip below the 50-point threshold, which separates growth from contraction, confirms our forecast that Eurozone growth will temporarily stall as a result of the war. Whilst the Bloomberg consensus forecasts GDP growth of 0.2% and 0.3% qoq for Q2 and Q3, we expect growth of just 0.0% and 0.2%," Berenberg said.In corporate news, TUI (TUI1.F) was down 4.24%, as Deutsche Bank Research trimmed the price target of the German leisure, travel, and tourism company's buy-rated stock to 10.5 euros from 12 euros following its fiscal 2026 outlook revision."Key Changes are i) Revenue initial +2-4% growth guidance is suspended, ii) the underlying EBIT Original +7-10% growth vs FY25's EUR1,413m is lowered to a range of EUR1.1-EUR1.4bn, a -6.7-20% cut from initial consensus. Summer bookings are down -7% due to a 'wait and see' approach, with declines in Turkey, Cyprus, and Egypt not fully offset by Western Mediterranean bookings. Positive Development: two cruise ships finally exited the Arabian Gulf and are expected to resume cruises mid-May," the research firm wrote.Meanwhile, Allianz (ALV.F) unit Allianz Global Investors purchased a 51% stake in battery storage platform Green Energy Storage Initiative, or GESI. The acquisition is intended to bolster the German insurer's presence in large-scale battery storage, supporting the infrastructure required for a stable and resilient energy grid. Allianz gained 0.08% at the end of the session.

^DAX$ALV.F$TUI1.F

Wire56d ago

Westamerica Bancorporation Ups Quarterly Dividend to $0.48 per Share from $0.46, Payable May 15 to Holders of Record May 4

$WABC

Mining & Metals56d ago

BMO Initiates Coverage of Meridian Mining with an Outperform Rating, C$3.00 Price Target

BMO Capital Markets on Thursday initiated coverage of Meridian Mining (MNO.TO) with an outperform rating and C$3.00 price target.Meridian's Cabacal gold-copper deposit in Brazil stands out as a low-capex, low-complexity, and low-risk project, BMO said.The past-producing mine represents the flagship asset for Meridian and is central to other targets along the Cabacal belt, giving Meridian the opportunity to develop additional assets within the land package, BMO added.Construction is expected to commence in the second quarter of 2027, and Meridian's management is advancing permitting, engineering, and financing milestones, according to BMO.Price: $1.84, Change: $-0.01, Percent Change: -0.54%

$MNO.TO

Wire56d ago

Lam Research Likely to Benefit from Healthy Wafer Fabrication Equipment Landscape, RBC Says

Lam Research (LRCX) is likely to benefit from healthy wafer fabrication equipment environment for the next two to three years driven by generative AI demand and memory tightness, RBC Capital Markets said in a Wednesday research report.The brokerage said it raised its fiscal 2026 and 2027 EPS guidance to $5.65 and $7.72, respectively, from $5.30 and $6.84 earlier.The company's fiscal Q3 beat was particularly driven by strength in DRAM and improving NAND outlook amid continued momentum in high bandwidth memory, analysts wrote.China exposure declined during the quarter, and the company expects further declines as global spending accelerates, but overall, China demand remains steady, according to the note.RBC reiterated its outperform rating on the stock and boosted its price target to $310 from $290.Price: $261.88, Change: $-3.68, Percent Change: -1.38%

$LRCX

Asia Markets56d ago

Swiss Market Index Recovers; Nestlé, Galderma Shares Rise

The Swiss Market Index broke its three-day losing streak on Thursday, closing 1.38% in the green, amid a busy day of corporate financial updates and private sector data releases.Nestlé (NESN.SW) delivered an organic sales growth of 3.5% year over year in the first quarter, including a negative impact of 90 basis points from the precautionary recall of batches of its infant formula products globally, with total group sales reaching 21.32 billion francs. Real internal growth came in at 1.2% over the period. The consumer goods giant's stock added 5.89% at closing."A widespread, RIG led beat underpins maintained guidance (with consensus currently at the bottom of the range for sales growth guidance). It is good to see coffee back on song after last year's price squeeze, with RIG of 3.5% and organic sales growth of 9.3%," RBC Capital Markets said in a quick take note, describing the results as "impressive."Galderma Group (GALD.SW) also saw its shares rise 6.60% as it reported a "strong" start to the year, with net sales climbing to $1.47 billion in the first quarter from the year-ago $1.13 billion. For full-year 2026, the dermatology company reaffirmed its guidance of net sales growth between 17% and 20% at constant currency, expecting its exposure to US tariffs to remain "manageable."Other Switzerland-listed heavyweights that posted trading updates included pharmaceutical major Roche (RO.SW), testing and certification company SGS (SGSN.SW), and escalators and elevators manufacturer Schindler (SCHP.SW).On the macroeconomic front, Switzerland signed an investment protection agreement with Saudi Arabia during Swiss President Guy Parmelin's official visit to the Middle Eastern country. The deal is set to become effective following completion of internal approval procedures in both countries.Zooming out to the euro area, the seasonally adjusted S&P Global Flash Eurozone Composite PMI Output Index fell to a 17-month low of 48.6 in April from 50.7 in March. The latest reading marks the first time the index dropped below the neutral 50 threshold in 16 months.

^SSMI$GALD.SW$NESN.SW$RO.SW$SCHP.SW$SGSN.SW

Treasury56d ago

Canada Shouldn't Include Unemployed High-School Students in Jobless Statistics, CIBC Says

The Canadian job market is not particularly robust at present, but it may be somewhat healthier than headline figures suggest, said CIBC.The official unemployment rate includes youth aged 15 to 19 who are enrolled in high school, but also actively seeking employment, and this group accounts for a higher-than-normal share of total unemployment at present, the bank wrote in a note to clients.It is reasonable to argue that many of those high school students shouldn't be classified as unemployed, as their primary focus is education, CIBC said.When high school students are excluded from the unemployment rate calculation, the total unemployment rate drops to 6.2% from the current 6.7%. In other words, without counting "unemployed" high school students, Canada's unemployment rate is materially lower, the bank pointed out.Some high school students must work to support themselves or their families, and it is difficult to precisely quantify that group, noted CIBC. However, during economic downturns, those who truly need employment are more likely to continue job hunting, while those for whom work is optional tend to exit the labor force.This pattern was evident during the COVID-19 pandemic, as high school students' participation rates declined much more sharply than those of other groups.From a policy perspective, attention should be directed toward youths who are neither enrolled in school nor participating in the labor market, as well as non-student youths who are unemployed. This vulnerable segment of the population now amounts to 470,000, roughly steady from 2019 levels as a share of the total population.None of this is meant to downplay the real challenges facing young Canadians in the labor market, added the bank. Although the actual youth unemployment rate may be lower than the official figure, it remains unacceptably high.Additionally, the decline in the participation rate among those aged 15 to 19, while perhaps not a major concern from a macroeconomic perspective, is troubling because it means fewer young people are gaining valuable job market experience that could benefit them in the future.Another important factor is the quality of employment available to young people. If young Canadians are predominantly working in jobs with limited opportunities for upward mobility, the negative impact is likely greater than it appears, according to CIBC.

$CXY

Oil & Energy56d ago

Hormuz Traffic Unlikely to Normalise Before Mid-2026, Dallas Fed Says

Executives in the energy industry expect traffic via the Strait of Hormuz to gradually return to normal by late 2026, even as they warn that geopolitical disruptions are likely to persist over the medium term, Federal Reserve Bank of Dallas strategists said in a note Thursday.Dallas Fed strategists said about 20% of respondents expect flows through the Strait to normalize by May 2026, while 39% see recovery by August.The analysts said a further 26% anticipate normalization by November, and 14% expect it to take longer, underscoring expectations of a protracted adjustment following the recent Middle East conflict.However, despite the projected recovery, executives remain cautious about the outlook for stability in the critical waterway.The Fed said nearly half of the executives surveyed, 48%, said it is "very likely" that geopolitical events will disrupt traffic again within five years, while 38% described another disruption as "somewhat likely." Only 14% viewed renewed disruption as unlikely.The study suggests that even after the conflict subsides, structural risk premia in energy transport are likely to remain elevated.Most executives expect the cost of shipping oil from the Arabian Gulf, including insurance, freight, and tolls, to rise by $2 to $4 per barrel compared with pre-war levels, with 36% selecting that range.On the supply side, respondents anticipate a modest boost to US production in response to the geopolitical backdrop.For 2026, the Dallas Fed's most common expectation is an increase of between 0 and 0.25 million barrels per day. For 2027, the largest share of respondents expects a larger gain of 0.25 to 0.50 million b/d.Executives in the Middle East also expect most of the disrupted supply to return over time, with about two-thirds saying at least 90% of shut-in production in the Arabian Gulf will eventually return to market.Meanwhile, employment expectations were broadly stable, with 50% of executives saying staffing levels will remain unchanged between December 2025 and December 2026, while about one-third expect increases and 8% anticipate declines.Dallas Fed said maintaining current employment levels was the most common expectation among exploration and production firms. Support service companies, in contrast, were more likely to expect slight increases in hiring.

Wire56d ago

Agree Realty Outpacing Internal Targets After Strong Start, RBC Says

Agree Realty (ADC) is running ahead of its internal plan across most key metrics, supported by a strong start to the year, RBC Capital Markets said Wednesday in a report.Robust early-year deal flow has the company positioned to reach the high end of its full-year investment plan, the report said. RBC raised its 2026 and 2027 AFFO estimates by $0.02 each, citing better expenses, stronger percentage-rent performance, and a slightly improved cost of capital.Management continues to describe the acquisition environment as highly favorable, with pipelines at record levels and deal activity expected to accelerate through Q3, RBC said. Annual returns on property remain stable, the competitive landscape is steady, and tenant relationships continue to expand, the report said.RBC raised its price target on Agree Realty stock to $82 from $81 and maintained its outperform rating.Price: $76.84, Change: $+0.17, Percent Change: +0.22%

$ADC

Wire56d ago

IonQ Advances Quantum Roadmap, Shift Toward Engineering Execution, Wedbush Says

IonQ (IONQ) is reinforcing a shift toward "engineering execution" in quantum computing following the company's release of a detailed technical blueprint, Wedbush Securities said in a note Thursday.The "engineering roadmap", released Wednesday, details a "concrete" path for scaling "fault-tolerant quantum computing" by integrating hardware, error correction, and modular control systems, the brokerage said.The announcement marks a pivot for the industry, shifting the central question from "if" such powerful machines are possible to "how" and "when" they will be built, according to the note.Historically, skeptics argued that fault tolerance would require "millions of physical qubits," pushing practical use cases decades into the future. However, IonQ's recent milestones, including 99.99% two-qubit fidelity and "reliable ion movement" suggest that timelines are "compressing faster than skeptics assumed," the report added.Industry watchers now believe that what was once considered a "15+ year" outcome for commercial quantum utility could be realized within a few years. This acceleration is expected to have "major implications" for sector valuations, government funding and the pace of enterprise adoption.Wedbush has an outperform rating on IonQ with a price target of $60.Price: $43.90, Change: $-3.46, Percent Change: -7.31%

$IONQ

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US Markets56d ago

Tesla Capital Spending Boost to Eventually Bring in More Revenue, UBS Says

$TSLA