IonQ (NYSE:IONQ – Get Free Report)‘s stock had its “overweight” rating reiterated by research analysts at Cantor Fitzgerald in a research note issued on Thursday,Benzinga reports. They currently have a $70.00 target price on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 74.97% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. Wedbush began coverage on IonQ in a research report on Monday. They issued an “outperform” rating and a $75.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of IonQ from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of IonQ from a “strong sell” rating to a “sell” rating in a report on Saturday, July 25th. Northland Securities boosted their target price on shares of IonQ from $55.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, June 22nd. Finally, Benchmark assumed coverage on shares of IonQ in a research report on Monday, July 27th. They set a “buy” rating and a $60.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.88.
Check Out Our Latest Analysis on IONQ
IonQ Trading Down 4.1%
IonQ (NYSE:IONQ – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.08). IonQ had a negative return on equity of 23.20% and a net margin of 174.88%.The firm had revenue of $64.67 million for the quarter, compared to analysts’ expectations of $49.75 million. During the same quarter last year, the firm earned ($0.14) earnings per share. The business’s quarterly revenue was up 754.7% compared to the same quarter last year. As a group, research analysts predict that IonQ will post -2.26 earnings per share for the current year.
Insider Transactions at IonQ
In other news, Director Gabrielle B. Toledano sold 2,757 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $55.01, for a total value of $151,662.57. Following the transaction, the director owned 11,154 shares of the company’s stock, valued at approximately $613,581.54. This trade represents a 19.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John W. Raymond sold 3,815 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.01, for a total value of $209,863.15. Following the completion of the transaction, the insider directly owned 80,148 shares in the company, valued at $4,408,941.48. This trade represents a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 9,329 shares of company stock worth $513,216. 0.55% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On IonQ
Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada grew its position in IonQ by 12.5% in the first quarter. Royal Bank of Canada now owns 134,176 shares of the company’s stock valued at $2,962,000 after acquiring an additional 14,898 shares in the last quarter. Amundi acquired a new stake in IonQ during the 1st quarter valued at $630,000. AQR Capital Management LLC increased its stake in IonQ by 106.2% during the 1st quarter. AQR Capital Management LLC now owns 57,305 shares of the company’s stock worth $1,265,000 after buying an additional 29,513 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in IonQ by 24.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 450,031 shares of the company’s stock worth $9,932,000 after buying an additional 87,428 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in IonQ by 30.3% in the 1st quarter. Focus Partners Wealth now owns 46,782 shares of the company’s stock valued at $1,032,000 after buying an additional 10,881 shares during the last quarter. 41.42% of the stock is currently owned by hedge funds and other institutional investors.
Key Headlines Impacting IonQ
Here are the key news stories impacting IonQ this week:
- Positive Sentiment: Record revenue and higher guidance: IonQ reported second-quarter revenue of approximately $80.1 million, up 287% year over year and ahead of analyst expectations. The company also raised its 2026 revenue outlook to $280 million-$290 million, above the roughly $268 million consensus estimate. Its adjusted loss was better than expected, although GAAP results were affected by substantial non-cash warrant-valuation charges. IonQ Announces Record Second Quarter 2026 Revenues, Growing 287% YoY
- Positive Sentiment: Defense contract momentum: DARPA awarded IonQ a $28 million contract extension to produce and deliver 125 Evergreen-05 optical atomic clocks for applications including radar, secure communications and precision navigation. Separately, IonQ’s Capella space division won an NRO contract to provide commercial synthetic-aperture-radar imagery and data for national-security missions. DARPA Selects IonQ to Produce Next-Generation Atomic Clocks IonQ’s Space Division Awarded NRO Radar Commercial Augmentation Contract
- Positive Sentiment: Expanded partnerships: IonQ is advancing quantum networking and security through agreements with Sandia National Laboratories and EPB, including a Tennessee research center intended to test quantum-memory technology on a live fiber network. These initiatives could strengthen commercial utility and government adoption. IonQ and Sandia National Laboratories Sign MOU
- Neutral Sentiment: Analyst support: Wedbush initiated coverage with an Outperform rating and a $75 price target, while the broader brokerage consensus is “Moderate Buy.”
- Negative Sentiment: Valuation and execution risk remain high: IonQ’s market capitalization is about $14.9 billion despite continuing losses, and its valuation leaves little room for delays in scaling quantum hardware, integrating SkyWater Technology or converting contracted business into recognized revenue. The stock’s retreat from approximately $69 in June to about $42 by early August highlights elevated sector volatility. 3 Quantum Computing Stocks Worth the Speculative Bet in August
IonQ Company Profile
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.
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