IonQ (NYSE:IONQ) Trading 9.5% Higher – Still a Buy?

Posted by Stanley Muller on Jul 29th, 2026

Shares of IonQ, Inc. (NYSE:IONQ – Get Free Report) shot up 9.5% during mid-day trading on Monday . The company traded as high as $37.17 and last traded at $35.9560. 28,176,098 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 25,634,098 shares. The stock had previously closed at $32.84.

IonQ News Roundup

Here are the key news stories impacting IonQ this week:

Positive Sentiment: IonQ received final regulatory approval to complete its acquisition of SkyWater Technology. The deal is intended to accelerate IonQ’s quantum-computing roadmap and strengthen its access to U.S.-based semiconductor manufacturing capabilities, potentially improving supply-chain control and scalability. IonQ Receives Regulatory Approval to Complete Acquisition of SkyWater Technology
Positive Sentiment: Benchmark’s renewed coverage of quantum stocks highlighted IonQ’s full-stack platform, spanning computing, networking, sensing and security, as well as its reported sales of a 256-qubit system in more than 30 countries. The broader investment case is also benefiting from expectations that the quantum industry could generate approximately $1.5 billion in revenue in 2026. Benchmark’s Quantum Re-Rating Might Change The Case For Investing In IonQ
Positive Sentiment: D-Wave Quantum’s expanded commercial agreement with AT&T, which applies quantum optimization to telecommunications operations, sparked a sector-wide rally and reinforced the possibility of near-term enterprise applications for quantum technology. IonQ benefited from this sympathy interest, although the announcement was not an IonQ contract. D-Wave’s Expanded AT&T Deal
Neutral Sentiment: The SkyWater transaction still must be integrated successfully, and investors may focus on execution, financing and the time required for manufacturing synergies to translate into revenue growth.
Negative Sentiment: IonQ declined even as the wider market advanced, reflecting a pullback in quantum and AI-infrastructure names amid concerns about elevated expectations and the commercial timing of emerging technologies. IonQ Stock Slides as Market Rises
Negative Sentiment: IonQ remains a high-volatility, loss-making growth stock. Its latest quarterly EPS missed analysts’ expectations despite strong revenue growth, while the share price remains below its 50-day moving average, signaling continued technical and valuation pressure.

Analysts Set New Price Targets

IONQ has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Wedbush reiterated an “outperform” rating and issued a $60.00 price target on shares of IonQ in a research note on Monday, May 4th. Jefferies Financial Group set a $85.00 price target on shares of IonQ in a report on Thursday, May 7th. Northland Securities increased their price objective on shares of IonQ from $55.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, June 22nd. Finally, Morgan Stanley set a $48.50 price objective on shares of IonQ in a report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.46.

Get Our Latest Report on IONQ

IonQ Stock Performance

The company has a 50-day moving average price of $51.98 and a 200-day moving average price of $43.90. The firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of -120.85 and a beta of 3.23.

IonQ (NYSE:IONQ – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.08). The business had revenue of $64.67 million for the quarter, compared to analyst estimates of $49.75 million. IonQ had a negative return on equity of 23.20% and a net margin of 174.88%.IonQ’s revenue was up 754.7% on a year-over-year basis. During the same period last year, the business posted ($0.14) EPS. On average, research analysts expect that IonQ, Inc. will post -2.26 earnings per share for the current fiscal year.

Insider Activity at IonQ

In related news, Director Kathryn K. Chou sold 2,757 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $55.02, for a total value of $151,690.14. Following the transaction, the director directly owned 62,608 shares of the company’s stock, valued at $3,444,692.16. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert T. Cardillo sold 3,773 shares of IonQ stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $49.90, for a total transaction of $188,272.70. Following the sale, the insider owned 139,967 shares in the company, valued at $6,984,353.30. This represents a 2.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 13,102 shares of company stock valued at $701,489. Corporate insiders own 0.55% of the company’s stock.

Institutional Trading of IonQ

Several institutional investors and hedge funds have recently made changes to their positions in the company. Beaird Harris Wealth Management LLC boosted its position in shares of IonQ by 117.4% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 500 shares of the company’s stock valued at $31,000 after purchasing an additional 270 shares during the period. Accent Capital Management LLC increased its position in IonQ by 171.8% during the fourth quarter. Accent Capital Management LLC now owns 587 shares of the company’s stock worth $26,000 after buying an additional 371 shares during the period. Kelleher Financial Advisors acquired a new position in IonQ during the third quarter worth approximately $36,000. Fortitude Family Office LLC lifted its stake in IonQ by 3,800.0% in the fourth quarter. Fortitude Family Office LLC now owns 624 shares of the company’s stock valued at $28,000 after buying an additional 608 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new stake in IonQ in the third quarter valued at approximately $43,000. 41.42% of the stock is owned by hedge funds and other institutional investors.

About IonQ

(Get Free Report)

IonQ, Inc engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft’s Azure Quantum, and Google’s Cloud Marketplace, as well as through its cloud service. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.