IonQ (NYSE:IONQ) Stock Keeps Buy Rating at Rosenblatt Securities

IonQ (NYSE:IONQ)‘s stock had its “buy” rating restated by equities researchers at Rosenblatt Securities in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $100.00 price objective on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 181.98% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $70.00 price target on shares of IonQ in a research note on Wednesday, September 9th. Benchmark restated a “buy” rating and issued a $60.00 price objective on shares of IonQ in a research note on Thursday, August 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $65.00 price objective on shares of IonQ in a report on Wednesday, September 9th. Morgan Stanley set a $49.00 target price on shares of IonQ in a research report on Thursday, August 6th. Finally, Wedbush reissued an “outperform” rating and issued a $75.00 target price on shares of IonQ in a research note on Tuesday. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.83.

IonQ Trading Down 2.2%

Shares of IONQ stock opened at $35.46 on Tuesday. IonQ has a 12 month low of $25.89 and a 12 month high of $81.08. The company has a market capitalization of $13.51 billion, a P/E ratio of -7.66 and a beta of 3.36. The stock has a 50 day moving average of $41.36 and a two-hundred day moving average of $44.78.

IonQ (NYSE:IONQ) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.23. The business had revenue of $80.05 million for the quarter, compared to analysts’ expectations 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 business posted ($0.70) earnings per share. Sell-side analysts predict that IonQ will post -2.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider John Raymond sold 2,407 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $37.21, for a total transaction of $89,564.47. Following the sale, the insider directly owned 77,741 shares in the company, valued at $2,892,742.61. This represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On IonQ

A number of institutional investors and hedge funds have recently bought and sold shares of IONQ. Archer Investment Corp bought a new stake in IonQ during the 2nd quarter worth about $25,000. EverSource Wealth Advisors LLC raised its stake in shares of IonQ by 216.5% in the first quarter. EverSource Wealth Advisors LLC now owns 959 shares of the company’s stock worth $28,000 after acquiring an additional 656 shares during the last quarter. PeakShares LLC bought a new position in shares of IonQ in the first quarter worth about $29,000. EFG International AG acquired a new position in shares of IonQ during the second quarter worth approximately $30,000. Finally, MWA Asset Management acquired a new position in shares of IonQ during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 41.42% of the company’s stock.

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.