IonQ (NYSE:IONQ) Price Target Cut to $65.00 by Analysts at Jefferies Financial Group

Key Points

• Jefferies cut its IonQ price target from $80 to $65 but maintained a Buy rating, implying about 102% upside from the share price cited in the report.
• Analyst views remain broadly positive: IonQ has a “Moderate Buy” consensus rating and a $60.23 average price target, though several firms recently lowered their targets.
• IonQ reported quarterly revenue of $173.83 million, up 336% year over year and above expectations, while its loss per share was narrower than analysts forecast.

IonQ (NYSE:IONQ - Get Free Report) had its target price dropped by equities research analysts at Jefferies Financial Group from $80.00 to $65.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Jefferies Financial Group's target price points to a potential upside of 102.34% from the company's current price.

Other research analysts have also issued reports about the company. Wedbush reaffirmed an "outperform" rating and set a $75.00 target price on shares of IonQ in a research report on Tuesday, October 13th. B. Riley Financial lowered their price objective on IonQ from $100.00 to $75.00 and set a "buy" rating for the company in a research report on Monday. Cantor Fitzgerald cut their price objective on IonQ from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Friday. Benchmark reiterated a "buy" rating and issued a $60.00 target price on shares of IonQ in a report on Thursday, August 6th. Finally, Bank of America reissued a "buy" rating and set a $50.00 target price on shares of IonQ in a research report on Friday. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, IonQ presently has an average rating of "Moderate Buy" and a consensus target price of $60.23.

IonQ Stock Up 21.5%

Shares of IONQ stock traded up $5.69 during mid-day trading on Friday, reaching $32.12. 42,656,594 shares of the stock traded hands, compared to its average volume of 24,524,494. The company has a market cap of $13.79 billion, a price-to-earnings ratio of -6.89 and a beta of 3.32. The stock's fifty day simple moving average is $36.91 and its two-hundred day simple moving average is $41.58. IonQ has a 1-year low of $24.92 and a 1-year high of $73.65.

IonQ (NYSE:IONQ - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.06. IonQ had a negative return on equity of 22.29% and a negative net margin of 553.27%. The company had revenue of $173.83 million during the quarter, compared to the consensus estimate of $141.49 million. During the same quarter in the prior year, the firm posted ($3.58) earnings per share. The firm's revenue was up 336.0% compared to the same quarter last year. On average, equities research analysts anticipate that IonQ will post -2.96 EPS for the current fiscal year.

Insider Buying and Selling at IonQ

In other news, insider John Raymond sold 2,407 shares of the business's stock in a transaction dated Thursday, September 10th. The stock was 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 of the company's stock, valued at $2,892,742.61. The trade was a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.55% of the company's stock.

Institutional Investors Weigh In On IonQ

Several institutional investors and hedge funds have recently made changes to their positions in the business. Moors & Cabot Inc. boosted its stake in IonQ by 4.2% in the 3rd quarter. Moors & Cabot Inc. now owns 55,148 shares of the company's stock worth $2,419,000 after purchasing an additional 2,228 shares during the period. Allworth Financial LP increased its position in shares of IonQ by 20.9% during the third quarter. Allworth Financial LP now owns 9,113 shares of the company's stock valued at $400,000 after buying an additional 1,575 shares during the period. Private Advisory Group LLC bought a new stake in shares of IonQ during the third quarter valued at about $672,000. Pier 88 Investment Partners LLC lifted its holdings in shares of IonQ by 8.5% in the third quarter. Pier 88 Investment Partners LLC now owns 12,700 shares of the company's stock worth $557,000 after buying an additional 1,000 shares in the last quarter. Finally, Capstone Wealth Management Group LLC purchased a new stake in shares of IonQ in the third quarter worth about $385,000. Institutional investors own 41.42% of the company's stock.

Key IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ reported record third-quarter revenue of $173.8 million, up 336% year over year and above analyst expectations. Its loss per share was also narrower than forecast. Why IonQ Stock Is Soaring Today
• Positive Sentiment: The company raised its 2026 revenue guidance to $505 million–$515 million. Its backlog reached $1.2 billion, and Superion 256 capacity is booked through 2027—signs of robust demand and future sales visibility. IonQ: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: IonQ also advanced to Stage C of DARPA’s quantum benchmarking initiative, while its SkyWater acquisition is expected to strengthen manufacturing capabilities. IonQ Q3 2026 Earnings Call Highlights
• Neutral Sentiment: Analysts at Cantor Fitzgerald and Needham lowered their price targets but kept positive ratings, reflecting a more cautious outlook without abandoning the investment case. Cantor Fitzgerald recommendations
• Negative Sentiment: Despite the growth, IonQ remains loss-making. Investors are also weighing cash burn and potential dilution from its planned capital raise and stock-funded $1.15 billion Elisity acquisition, as well as uncertainty over how quickly quantum computing demand will translate into sustainable profits. IonQ Beat and Raised: Can the Quantum Stock Buck the Tech Selloff?
• Negative Sentiment: Zacks added IONQ to its Strong Sell list, a counterpoint to the earnings optimism and a potential source of investor caution. New Strong Sell Stocks for November 6th

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.

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