IonQ (NYSE:IONQ – Get Free Report)‘s stock had its “buy” rating reiterated by Needham & Company LLC in a note issued to investors on Wednesday, Benzinga reports. They currently have a $65.00 target price on the stock. Needham & Company LLC’s target price points to a potential upside of 61.12% from the company’s previous close.
A number of other analysts have also commented on the company. Morgan Stanley set a $49.00 price objective on IonQ in a research report on Thursday, August 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $70.00 target price on shares of IonQ in a research note on Thursday, August 6th. Jefferies Financial Group set a $75.00 price target on shares of IonQ in a research report on Thursday, August 6th. Rosenblatt Securities reissued a “buy” rating and set a $100.00 price target on shares of IonQ in a research note on Thursday, August 6th. Finally, Mizuho set a $52.00 price objective on shares of IonQ in a research note on Wednesday. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.75.
View Our Latest Analysis on IonQ
IonQ Price Performance
IonQ (NYSE:IONQ – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.23. The company had revenue of $80.05 million during the quarter, compared to the consensus estimate of $66.47 million. IonQ had a negative net margin of 553.27% and a negative return on equity of 22.29%. The company’s revenue was up 286.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.70) earnings per share. On average, equities analysts expect that IonQ will post -2.86 earnings per share for the current fiscal year.
Insider Transactions at IonQ
In other IonQ news, insider John W. Raymond sold 3,815 shares of IonQ stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.01, for a total transaction of $209,863.15. Following the transaction, the insider directly owned 80,148 shares in the company, valued at approximately $4,408,941.48. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kathryn K. Chou sold 2,757 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director owned 62,608 shares of the company’s stock, valued at $3,444,692.16. This represents a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,329 shares of company stock valued at $513,216 over the last three months. 0.55% of the stock is currently owned by corporate insiders.
Institutional Trading of IonQ
A number of hedge funds and other institutional investors have recently made changes to their positions in IONQ. California State Teachers Retirement System boosted its position in IonQ by 5,901.1% during the second quarter. California State Teachers Retirement System now owns 28,318,821 shares of the company’s stock valued at $1,508,260,000 after purchasing an additional 27,846,924 shares during the last quarter. BlackRock Inc. bought a new stake in shares of IonQ during the 2nd quarter worth approximately $1,112,945,000. Bank of America Corp DE acquired a new stake in shares of IonQ in the 2nd quarter valued at approximately $344,757,000. Norges Bank acquired a new stake in shares of IonQ in the 4th quarter valued at approximately $199,753,000. Finally, Marex Group plc grew its stake in shares of IonQ by 419.1% in the fourth quarter. Marex Group plc now owns 4,083,453 shares of the company’s stock valued at $183,225,000 after buying an additional 3,296,866 shares in the last quarter. 41.42% of the stock is currently owned by institutional investors and hedge funds.
More IonQ News
Here are the key news stories impacting IonQ this week:
- Positive Sentiment: IonQ raised its 2026 revenue outlook to $450 million-$460 million, up from its prior $280 million-$290 million forecast. The revised guidance includes contributions from SkyWater Technology, acquired July 31, while accounting for the elimination of certain intercompany revenue. The increase was the primary catalyst for the share-price strength. IonQ Announces Increased Full-Year 2026 Financial Outlook Following SkyWater Acquisition
- Positive Sentiment: The SkyWater acquisition expands IonQ beyond quantum-computing services into semiconductor manufacturing and is expected to provide most of the guidance increase. Investors may view the deal as improving IonQ’s vertical integration and commercialization prospects, although the outlook is not solely attributable to quantum-computing demand. IonQ Just Raised Its 2026 Revenue Outlook by About 60%. Most of the Raise Isn’t Quantum Computing.
- Positive Sentiment: IonQ launched the Superion product line, including the Superion 256, a planned upgradeable platform intended to support scalable, fault-tolerant quantum systems. The announcement gives investors additional product milestones to evaluate. IonQ Launches Superion Product Line
- Positive Sentiment: IonQ announced an $8.18 million agreement with Congruity360 to provide quantum-safe data protection using post-quantum cryptography and quantum key distribution appliances. The contract offers evidence of commercial demand for IonQ’s security-related offerings. IonQ and Congruity360 Partner to Enhance Quantum-Safe Protection
- Neutral Sentiment: IonQ published a detailed estimate for using Shor’s algorithm to break 256-bit elliptic-curve signatures, concluding that a system with roughly 20,000 physical qubits could be required. The research supports IonQ’s technical ambitions but also underscores the substantial scale and time needed for commercially relevant fault-tolerant quantum computing. IonQ Publishes World’s First Fully Compiled Blueprint
- Negative Sentiment: A broader warning involving quantum-computing companies highlights continuing uncertainty over commercialization timelines and the risk that substantial investment may not translate into near-term profits. That concern is particularly relevant to IonQ, which remains unprofitable and trades at a growth-sensitive valuation. Three Quantum Computing Stocks Have Issued a Warning
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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