IonQ (NYSE:IONQ) Stock Rating Reaffirmed as Buy by Rosenblatt Securities

IonQ (NYSE:IONQ)‘s stock had its “buy” rating restated by analysts at Rosenblatt Securities in a report issued on Tuesday, October 13th, Benzinga reports. They presently have a $100.00 target price on the stock. Rosenblatt Securities‘s target price suggests a potential upside of 220.36% from the company’s current price.

IONQ has been the subject of several other research reports. Wall Street Zen downgraded IonQ from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Benchmark restated a “buy” rating and set a $60.00 price objective on shares of IonQ in a research report on Thursday, August 6th. Bank of America initiated coverage on IonQ in a report on Monday, September 28th. They set a “buy” rating and a $60.00 price objective for the company. Mizuho decreased their target price on IonQ from $61.00 to $52.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 9th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $80.00 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 given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.33.

IonQ Price Performance

Shares of IonQ stock opened at $31.22 on Tuesday. The business has a fifty day simple moving average of $40.19 and a two-hundred day simple moving average of $44.93. IonQ has a 1 year low of $25.89 and a 1 year high of $73.65. The company has a market capitalization of $11.89 billion, a price-to-earnings ratio of -6.70 and a beta of 3.36.

IonQ (NYSE:IONQ) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $0.23. IonQ had a negative return on equity of 22.29% and a negative net margin of 553.27%. The business had revenue of $80.05 million during the quarter, compared to the consensus estimate of $66.47 million. During the same quarter last year, the firm posted ($0.70) EPS. The company’s quarterly revenue was up 286.7% on a year-over-year basis. As a group, equities analysts anticipate that IonQ will post -2.96 earnings per share for the current fiscal year.

Insider Activity at IonQ

In related news, insider John Raymond sold 2,407 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $37.21, for a total value of $89,564.47. Following the transaction, the insider directly owned 77,741 shares in the company, valued at approximately $2,892,742.61. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.55% of the company’s stock.

Institutional Trading of IonQ

A number of institutional investors have recently bought and sold shares of IONQ. Vanguard Capital Wealth Advisors bought a new position in IonQ in the third quarter valued at approximately $763,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in IonQ by 96.5% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 125,556 shares of the company’s stock worth $3,620,000 after purchasing an additional 61,656 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in shares of IonQ in the 2nd quarter valued at $981,000. Swedbank AB boosted its holdings in shares of IonQ by 147.7% in the 1st quarter. Swedbank AB now owns 149,503 shares of the company’s stock valued at $4,310,000 after purchasing an additional 89,148 shares in the last quarter. Finally, Weiss Asset Management LP bought a new position in shares of IonQ in the 1st quarter valued at $663,000. Institutional investors own 41.42% of the company’s stock.

Trending Headlines about IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Open Quantum’s native Qrisp integration gives developers an open-source, high-level programming path to IonQ’s quantum hardware. Broader software compatibility could expand IonQ’s developer ecosystem and reduce reliance on proprietary tools. IonQ Gets Native Open Source Programming Support
• Positive Sentiment: Defiance ETFs’ Sylvia Jablonski described IonQ as a buying opportunity, reinforcing the bullish view that the company could benefit from long-term quantum-computing adoption. Defiance ETFs View IonQ as a Buying Opportunity
• Positive Sentiment: Wall Street analysts collectively rate IonQ “Moderate Buy,” providing some support for the stock despite its losses and high volatility. IonQ Rated Moderate Buy
• Neutral Sentiment: Comparisons with D-Wave highlight that the companies use different quantum-computing architectures. The technology gap may create opportunities, but it also underscores the uncertainty over which approach will produce commercially valuable systems first. D-Wave Quantum vs. IonQ
• Neutral Sentiment: IonQ’s recent session outperformance and the broader focus on quantum computing, artificial intelligence and semiconductors offer favorable sector momentum, but investors are expected to prioritize sustainable revenue growth, earnings and returns on investment. AI, Semiconductors and Quantum Computing Outlook
• Negative Sentiment: IonQ’s planned Elisity acquisition and reported $2 billion equity offering are raising dilution and capital-allocation concerns. The deal could broaden IonQ into cybersecurity, but shareholders may bear significant financing costs. IonQ Expansion and Dilution Concerns
• Negative Sentiment: Reports that quantum-computing insiders have been consistent sellers add to concerns about valuation and management confidence across the sector, including IonQ. Quantum-Computing Insider Selling Warning
• Negative Sentiment: Commentary questioning whether the Elisity acquisition can successfully address quantum-era security threats adds execution risk to IonQ’s expansion strategy. IonQ Elisity Deal and Quantum-Era Security

About IonQ

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.