Evercore ISI Group Initiates Coverage On Fortive with In-Line Rating, Announces Price Target of $60
Evercore ISI Group analyst Alexander Virgo initiates coverage on Fortive (NYSE:FTV) with a In-Line rating and announces Price Target of $60.
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Analysts initiate coverage: Buy on IonQ ($60), Jack Henry ($193) and 10X Genomics ($110); Overweight Lexicon ($8); In-Line Fortive ($60).
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Evercore ISI Group analyst Alexander Virgo initiates coverage on Fortive (NYSE:FTV) with a In-Line rating and announces Price Target of $60.
Filed: 2026-09-10 AccNo: 0001104659-26-106735 Size: 239 KB Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
The article compares two quantum computing stocks, IonQ and D-Wave Quantum. IonQ demonstrates industry-leading precision with 99.99% 2-qubit gate fidelities and has a partnership with Nvidia, but faces massive operating losses and an extremely high P/S ratio of 65. D-Wave has achieved real-world applications through its quantum annealing technology and Leap cloud service, but revenue declined 67% year-over-year with a P/S ratio of 475. The author recommends IonQ as the relatively safer choice despite both stocks carrying significant risks and being overvalued.
Classiq launched its Fault Tolerance Engine, a new capability that translates optimized logical quantum programs into fault-tolerant execution plans and measures physical resources and reliability needed for execution on fault-tolerant quantum computers. The engine addresses the fundamental software challenge of fault-tolerant quantum computing by handling qubit layout, routing, scheduling, and error correction cycles, enabling developers to assess physical feasibility before implementation.
IonQ has demonstrated customer demand for quantum technology, but the key question is whether the company can convert this demand into repeat business, improve manufacturing efficiency, and achieve better cash economics. The company's valuation appears expensive, and upcoming quarters will be critical in showing whether scale is making each dollar of growth more valuable. A partnership with SkyWater may help, but investors need to see concrete evidence of improving unit economics.
Bank of America rates IonQ a Buy with a $60 price target, citing its chip-based quantum roadmap and SkyWater deal.