IonQ (NYSE:IONQ) Given New $48.00 Price Target at Needham & Company LLC

IonQ (NYSE:IONQ) had its target price dropped by stock analysts at Needham & Company LLC from $65.00 to $48.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC‘s target price suggests a potential upside of 80.95% from the stock’s previous close.

IONQ has been the subject of several other reports. Benchmark reaffirmed a “buy” rating and issued a $60.00 target price on shares of IonQ in a research report on Thursday, August 6th. Bank of America began coverage on shares of IonQ in a research report on Monday, September 28th. They set a “buy” rating and a $60.00 price target on the stock. Mizuho decreased their price target on shares of IonQ from $61.00 to $52.00 and set an “outperform” rating for the company in a research note on Wednesday, September 9th. Morgan Stanley decreased their price target on shares of IonQ from $49.00 to $43.00 and set an “equal weight” rating for the company in a research note on Thursday, October 15th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $100.00 price objective on shares of IonQ in a report on Tuesday, October 13th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $62.15.

IonQ Stock Down 10.2%

Shares of IONQ stock opened at $26.53 on Friday. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of -5.69 and a beta of 3.32. The stock has a fifty day moving average of $37.12 and a 200 day moving average of $41.67. IonQ has a 52 week low of $24.92 and a 52 week high of $73.65.

IonQ (NYSE:IONQ) last issued its quarterly earnings data on Thursday, November 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.06. The business had revenue of $173.83 million for the quarter, compared to the consensus estimate of $141.49 million. IonQ had a negative net margin of 553.27% and a negative return on equity of 22.29%. The company’s quarterly revenue was up 336.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($3.58) EPS. Equities research analysts anticipate that IonQ will post -2.96 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider John Raymond sold 2,407 shares of the company’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 of the company’s stock, valued at $2,892,742.61. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On IonQ

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Pier 88 Investment Partners LLC boosted its position in shares of IonQ by 8.5% in the 3rd quarter. Pier 88 Investment Partners LLC now owns 12,700 shares of the company’s stock worth $557,000 after purchasing an additional 1,000 shares in the last quarter. Capstone Wealth Management Group LLC purchased a new stake in shares of IonQ in the 3rd quarter worth approximately $385,000. Maryland State Retirement & Pension System increased its position in IonQ by 18.4% during the 3rd quarter. Maryland State Retirement & Pension System now owns 22,402 shares of the company’s stock valued at $983,000 after buying an additional 3,481 shares in the last quarter. Ritholtz Wealth Management increased its position in IonQ by 77.1% during the 3rd quarter. Ritholtz Wealth Management now owns 7,913 shares of the company’s stock valued at $347,000 after buying an additional 3,444 shares in the last quarter. Finally, Jacobi Capital Management LLC purchased a new position in IonQ during the third quarter valued at $118,000. Institutional investors own 41.42% of the company’s stock.

IonQ News Summary

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Third-quarter revenue reached a record $173.8 million, up 336% year over year and ahead of the roughly $141.5 million consensus estimate. The per-share loss of $0.29 was also narrower than expected. Read More.
• Positive Sentiment: IonQ raised its full-year 2026 revenue guidance to $505 million–$515 million, while its backlog grew to $1.2 billion. Stronger guidance and contracted demand can support the growth outlook. Read More.
• Positive Sentiment: IonQ advanced to Stage C of DARPA’s quantum benchmarking initiative and said its Superion 256 capacity for 2027 is sold out, signaling progress and customer demand. Read More.
• Neutral Sentiment: Recent weakness in quantum and other high-risk technology shares was attributed to a broader chip and AI stock selloff, rather than a company-specific development. Read More.
• Negative Sentiment: Zacks added IonQ to its Rank #5 (Strong Sell) list, a bearish near-term rating signal. Read More.
• Negative Sentiment: Despite the revenue beat, IonQ remains loss-making, and commentary flagged uncertainty about commercial adoption and potential dilution from a planned $2 billion capital raise. Its completed $1.15 billion all-stock Elisity acquisition adds strategic reach but also raises questions about dilution and execution. Read More.

IonQ Company Profile

IonQ, Inc (NYSE: IONQ) is a quantum computing company that develops full-stack quantum computing systems and related software. Its technology is based on trapped-ion quantum computing, which uses electrically charged atoms as qubits and is designed to support highly accurate quantum operations.

The company provides access to its quantum computers through cloud platforms and direct enterprise and research engagements. Its offerings include quantum computing hardware, cloud-based access, software tools, and professional services intended to help organizations explore applications in areas such as optimization, chemistry, materials science, artificial intelligence, and cybersecurity.