IonQ (NYSE:IONQ) Upgraded at Wall Street Zen

Posted by Brian Himes on Jul 28th, 2026

Wall Street Zen upgraded shares of IonQ (NYSE:IONQ – Free Report) from a strong sell rating to a sell rating in a report released on Saturday.

A number of other research analysts have also issued reports on the stock. Morgan Stanley set a $48.50 target price on shares of IonQ in a research note on Thursday, May 7th. Rosenblatt Securities reissued a “buy” rating and set a $100.00 target price on shares of IonQ in a research report on Thursday, June 11th. Jefferies Financial Group set a $85.00 price target on shares of IonQ in a report on Thursday, May 7th. Wedbush restated an “outperform” rating and set a $60.00 price target on shares of IonQ in a report on Monday, May 4th. Finally, Northland Securities raised their price target on IonQ from $55.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, June 22nd. Ten analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $69.46.

Get Our Latest Analysis on IONQ

IonQ Stock Performance

IONQ opened at $35.96 on Friday. The firm has a market cap of $13.42 billion, a P/E ratio of -128.41 and a beta of 3.23. The business has a 50 day moving average price of $52.28 and a 200 day moving average price of $44.01. IonQ has a twelve month low of $25.89 and a twelve month high of $84.64.

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

Insiders Place Their Bets

In other news, insider Robert T. Cardillo sold 3,773 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $49.90, for a total value of $188,272.70. Following the completion of the sale, the insider directly owned 139,967 shares of the company’s stock, valued at approximately $6,984,353.30. This represents a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gabrielle B. Toledano sold 2,757 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $55.01, for a total transaction of $151,662.57. Following the completion of the sale, the director owned 11,154 shares in the company, valued at approximately $613,581.54. The trade was a 19.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,102 shares of company stock valued at $701,489 over the last ninety days. 0.55% of the stock is owned by insiders.

Institutional Trading of IonQ

A number of hedge funds have recently bought and sold shares of IONQ. Swedbank AB acquired a new stake in shares of IonQ during the 4th quarter worth approximately $2,708,000. Jefferies Financial Group Inc. acquired a new position in shares of IonQ in the fourth quarter valued at $3,271,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of IonQ by 96.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 125,556 shares of the company’s stock valued at $3,620,000 after purchasing an additional 61,656 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of IonQ by 30.3% in the fourth quarter. ProShare Advisors LLC now owns 62,184 shares of the company’s stock valued at $2,790,000 after purchasing an additional 14,465 shares in the last quarter. Finally, Forsta AP Fonden bought a new position in IonQ in the fourth quarter worth $5,488,000. 41.42% of the stock is owned by institutional investors.

Key Stories Impacting IonQ

Here are the key news stories impacting IonQ this week:

Positive Sentiment: Benchmark reinstated coverage with a positive view. Analyst Gary Mobley highlighted IonQ’s full-stack platform across quantum computing, networking, sensing, and security, as well as sales of its 256-qubit system in more than 30 countries. Benchmark expects the quantum-computing industry to generate approximately $1.5 billion in revenue during 2026, potentially supporting a sector-wide re-rating. Benchmark’s Quantum Re-Rating Might Change The Case For Investing In IonQ
Positive Sentiment: Industry momentum lifted IonQ alongside other quantum stocks. D-Wave’s expanded agreement with AT&T to deploy quantum systems in network operations provided evidence of real-world enterprise adoption and helped lift IonQ and other sector peers by association. D-Wave Quantum Rises on Expanded AT&T Deal
Positive Sentiment: IonQ’s commercial performance compares favorably with rivals. A recent comparison cited IonQ’s $64.7 million first-quarter revenue, up roughly 755% year over year, and reported 99.99% two-qubit gate fidelity. Those figures reinforce the company’s positioning as one of the leading pure-play quantum businesses. IonQ vs. Rigetti: Who’s Winning the Quantum Race?
Neutral Sentiment: Media coverage and new analyst attention are increasing visibility around IonQ, but the company still operates in an early-stage, research-heavy market. Investors should expect substantial execution risk as quantum applications develop. Inside IonQ
Negative Sentiment: Some coverage argues that larger artificial-intelligence companies may offer a better way to gain quantum exposure, highlighting competition for investor capital. IonQ also remains loss-making, making its premium valuation particularly sensitive to delays in revenue growth or technological progress. An Alternative Quantum Computing Opportunity

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.