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

Key Points

• Rosenblatt Securities reaffirmed a Buy rating on IonQ with a $100 price target, implying 176.13% potential upside from the reported share price. Analysts overall rate the stock “Moderate Buy,” with a consensus target of $63.83.
• IonQ reported quarterly revenue of $80.05 million, up 286.7% year over year and above estimates, while its adjusted loss of $0.33 per share was narrower than expected. Despite the growth, the company remains unprofitable, with a negative net margin of 553.27%.
• IonQ shares opened at $36.22, well below their 52-week high of $84.64, and have a high beta of 3.36, indicating significant volatility. An insider recently sold shares, while institutional investors own 41.42% of the company.

IonQ (NYSE:IONQ - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Rosenblatt Securities in a report issued on Tuesday, Benzinga reports. They currently have a $100.00 price objective on the stock. Rosenblatt Securities' price target points to a potential upside of 176.13% from the company's current price.

A number of other equities research analysts have also issued reports on IONQ. Benchmark reissued a "buy" rating and set a $60.00 target price on shares of IonQ in a research note on Thursday, August 6th. Cantor Fitzgerald reissued an "overweight" rating and set a $70.00 target price on shares of IonQ in a research note on Wednesday, September 9th. B. Riley Financial reissued a "buy" rating on shares of IonQ in a research note on Wednesday, September 9th. Morgan Stanley set a $49.00 target price on shares of IonQ in a research note on Thursday, August 6th. Finally, Jefferies Financial Group reissued 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $63.83.

IonQ Stock Performance

IonQ stock opened at $36.22 on Tuesday. The company has a 50 day moving average price of $41.36 and a 200 day moving average price of $44.78. IonQ has a 52 week low of $25.89 and a 52 week high of $84.64. The firm has a market capitalization of $13.80 billion, a price-to-earnings ratio of -7.77 and a beta of 3.36.

IonQ (NYSE:IONQ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.33) EPS for the quarter, topping analysts' consensus estimates of ($0.56) by $0.23. IonQ had a negative net margin of 553.27% and a negative return on equity of 22.29%. The firm had revenue of $80.05 million during the quarter, compared to analyst estimates of $66.47 million. During the same quarter last year, the business posted ($0.70) EPS. The company's revenue was up 286.7% on a year-over-year basis. Equities analysts forecast that IonQ will post -2.11 earnings per share for the current fiscal year.

Insider Activity

In other IonQ news, insider John Raymond sold 2,407 shares of IonQ stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $37.21, for a total transaction of $89,564.47. Following the completion of the sale, the insider owned 77,741 shares of the company's stock, valued at $2,892,742.61. This trade represents a 3.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On IonQ

Institutional investors and hedge funds have recently modified their holdings of the business. Archer Investment Corp acquired a new stake in shares of IonQ in the 2nd quarter valued at $25,000. EFG International AG acquired a new stake in shares of IonQ in the 2nd quarter valued at $30,000. N.E.W. Advisory Services LLC acquired a new stake in shares of IonQ in the 2nd quarter valued at $42,000. EverSource Wealth Advisors LLC lifted its stake in shares of IonQ by 216.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 959 shares of the company's stock valued at $28,000 after purchasing an additional 656 shares during the last quarter. Finally, PeakShares LLC acquired a new stake in shares of IonQ in the 1st quarter valued at $29,000. Institutional investors and hedge funds own 41.42% of the company's stock.

Trending Headlines about IonQ

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.