Why These 24 Stocks Are Skyrocketing

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6. IonQ, Inc. (NYSE:IONQ)

Q4 Returns as of December 31, 2024: 378%

Shares of IonQ rose to $41.77 on December 31, marking a 377.9% increase from the $8.74 close on September 30, 2024, as investors placed bets on the company’s further growth potential and impressive financial performance over the past year.

In the past year, IONQ’s stock price has jumped by 168%, as of January 10, emphasizing investor optimism. At the same time, on December 20, analyst firm Craig-Hallum raised its price target to $45 from $22.

IONQ increased its revenue by 102% year-over-year in the third quarter of 2024. During the same quarter, the company secured solid quantum contracts, improving its standing in the industry. In a solid move, IonQ Inc (IONQ) recently completed the acquisition of Qubitekk, expanding its quantum networking capabilities.

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