Benzinga | Nov 22, 2021 06:24AM EST

Goldman Sachs Assumes IonQ As Fair-Priced, Initiates With Neutral

* Goldman Sachs analyst Toshiya Hari initiated coverage of IonQ Inc (NYSE:IONQ) with a Neutral rating and a $28 price, implying priced at the current level.

* While the company is one of the front-runners in the quantum computing space, there is a high level of uncertainty around the widespread adoption and commercialization of quantum computing and which forms of quantum computing ultimately capture market share.

* IonQ is a quantum computing hardware and software company based in College Park, Maryland.

* Price Action: IONQ shares traded lower by 0.04% at $28 in the premarket session on the last check Monday.