IonQ (NYSE:IONQ) Given “Buy” Rating at Rosenblatt Securities

IonQ (NYSE:IONQ)‘s stock had its “buy” rating reissued by stock analysts at Rosenblatt Securities in a research note issued on Tuesday, Benzinga reports. They presently have a $100.00 price objective on the stock. Rosenblatt Securities’ price target would suggest a potential upside of 183.21% from the stock’s current price.

Several other brokerages have also weighed in on IONQ. Benchmark reissued a “buy” rating and issued a $60.00 price objective on shares of IonQ in a report on Thursday, August 6th. Weiss Ratings downgraded IonQ from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, August 21st. Northland Securities lifted their target price on IonQ from $55.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, June 22nd. Wedbush restated an “outperform” rating and issued a $75.00 target price on shares of IonQ in a research note on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and issued a $65.00 target price on shares of IonQ in a research note on Wednesday, September 9th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, IonQ has a consensus rating of “Moderate Buy” and a consensus target price of $63.83.

IonQ Trading Down 2.6%

IonQ stock traded down $0.96 during midday trading on Tuesday, hitting $35.31. The stock had a trading volume of 4,987,298 shares, compared to its average volume of 24,427,037. The stock has a market cap of $13.45 billion, a P/E ratio of -7.59 and a beta of 3.36. IonQ has a 12 month low of $25.89 and a 12 month high of $81.08. The business has a fifty day moving average price of $41.36 and a 200 day moving average price of $44.78.

IonQ (NYSE:IONQ) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.56) by $0.23. The firm had revenue of $80.05 million during the quarter, compared to analyst estimates of $66.47 million. IonQ had a negative return on equity of 22.29% and a negative net margin of 553.27%. IonQ’s quarterly revenue was up 286.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.70) earnings per share. On average, equities analysts anticipate that IonQ will post -2.11 EPS for the current fiscal year.

Insider Transactions at IonQ

In other IonQ news, insider John Raymond sold 2,407 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $37.21, for a total value of $89,564.47. Following the sale, the insider directly owned 77,741 shares in the company, valued at approximately $2,892,742.61. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On IonQ

A number of hedge funds have recently added to or reduced their stakes in the stock. Archer Investment Corp acquired a new stake in shares of IonQ during the 2nd quarter valued at $25,000. EFG International AG acquired a new stake in shares of IonQ during the 2nd quarter valued at $30,000. N.E.W. Advisory Services LLC acquired a new stake in shares of IonQ during the 2nd quarter valued at $42,000. EverSource Wealth Advisors LLC lifted its position in shares of IonQ by 216.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 959 shares of the company’s stock valued at $28,000 after acquiring an additional 656 shares during the last quarter. Finally, PeakShares LLC acquired a new stake in shares of IonQ during the 1st quarter valued at $29,000. 41.42% of the stock is currently owned by institutional investors.

IonQ News Roundup

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Rosenblatt reaffirmed its Buy rating and set a $100 price target, indicating substantial potential upside if IonQ delivers on its growth strategy. Rosenblatt rating report
• Positive Sentiment: IonQ reported a quantum interconnect breakthrough, achieving 1,032 entangled pairs per second between trapped-ion qubits and solid-state quantum memory. The advance could support scalable, networked quantum systems and data centers. IonQ quantum interconnect breakthrough
• Positive Sentiment: The Pentagon committed approximately $350 million to quantum computing initiatives, potentially benefiting IonQ through its work with DARPA’s Quantum Benchmarking Initiative. However, the timing and size of any resulting revenue remain unclear. Pentagon quantum computing investment
• Neutral Sentiment: IonQ agreed to acquire Zero Trust cybersecurity company Elisity in an all-stock transaction valued at up to $1.3 billion, including as much as $150 million in performance-based earnouts. Management expects the combination to expand its post-quantum cryptography and enterprise security offerings, with closing expected in the fourth quarter of 2026 subject to regulatory approval. IonQ Elisity acquisition
• Negative Sentiment: The Elisity transaction is pressuring the stock because it will be funded with newly issued IonQ shares. The share count will be based on a reference price between $33.07 and $49.61, creating potential dilution for existing holders. Investors are also questioning whether the large acquisition will generate sufficient near-term returns, particularly because IonQ remains unprofitable. Why IonQ shares declined

About IonQ

IonQ, Inc is a quantum computing company that develops and commercializes quantum computers based on trapped-ion technology. Its systems are designed to perform specialized computations that may eventually support applications in areas such as optimization, materials science, drug discovery, financial modeling and artificial intelligence.

The company offers access to its quantum processors through cloud platforms, including Amazon Web Services’ Amazon Braket, Microsoft Azure Quantum and Google Cloud.