Rosenblatt Securities Reiterates Buy Rating for IonQ (NYSE:IONQ)

Key Points

• Rosenblatt Securities reaffirmed its Buy rating on IonQ and set a $100 price target, implying 147.87% potential upside from the prior close. The broader analyst consensus is Moderate Buy, with an average target of $66.75.
• IonQ reported quarterly revenue of $80.05 million, well above the $66.47 million analyst estimate, while its adjusted loss of $0.33 per share was narrower than expected. Revenue rose 286.7% year over year, but the company remained unprofitable.
• IonQ’s stock opened at $40.34, with a market capitalization of approximately $15.37 billion and a wide 52-week range of $25.89 to $84.64. Institutional investors own 41.42% of the shares, while insiders have sold shares in recent months.

IonQ (NYSE:IONQ - Get Free Report)'s stock had its "buy" rating reissued by analysts at Rosenblatt Securities in a research note issued on Wednesday, Benzinga reports. They presently have a $100.00 price target on the stock. Rosenblatt Securities' price objective points to a potential upside of 147.87% from the company's previous close.

A number of other research analysts also recently weighed in on IONQ. Jefferies Financial Group set a $75.00 price objective on shares of IonQ in a research report on Thursday, August 6th. Weiss Ratings cut IonQ from a "sell (d+)" rating to a "sell (d-)" rating in a research report on Friday, August 21st. Mizuho set a $52.00 price target on IonQ in a research note on Wednesday. Northland Securities upped their price target on IonQ from $55.00 to $70.00 and gave the stock an "outperform" rating in a report on Monday, June 22nd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $65.00 price target on shares of IonQ in a research report on Wednesday. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $66.75.

IonQ Price Performance

NYSE:IONQ opened at $40.34 on Wednesday. The firm has a market cap of $15.37 billion, a price-to-earnings ratio of -8.66 and a beta of 3.30. The company has a 50 day moving average price of $40.68 and a 200-day moving average price of $43.69. IonQ has a 1-year low of $25.89 and a 1-year high of $84.64.

IonQ (NYSE:IONQ - Get Free Report) last posted its 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. The firm had revenue of $80.05 million during the quarter, compared to analysts' expectations of $66.47 million. IonQ had a negative net margin of 553.27% and a negative return on equity of 22.29%. The business's revenue was up 286.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.70) EPS. On average, sell-side analysts anticipate that IonQ will post -2.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other IonQ news, Director Gabrielle Toledano sold 2,757 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $55.01, for a total transaction of $151,662.57. Following the transaction, the director directly owned 11,154 shares of the company's stock, valued at $613,581.54. This trade represents a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kathryn Chou sold 2,757 shares of IonQ stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.02, for a total transaction of $151,690.14. Following the completion of the sale, the director owned 62,608 shares in the company, valued at approximately $3,444,692.16. This trade represents a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 9,329 shares of company stock worth $513,216. Company insiders own 0.55% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System increased its stake in IonQ by 5,901.1% during the 2nd quarter. California State Teachers Retirement System now owns 28,318,821 shares of the company's stock worth $1,508,260,000 after buying an additional 27,846,924 shares in the last quarter. BlackRock Inc. acquired a new position in IonQ in the 2nd quarter valued at $1,112,945,000. State Street Corp lifted its holdings in IonQ by 42.3% in the 4th quarter. State Street Corp now owns 8,962,789 shares of the company's stock valued at $402,160,000 after purchasing an additional 2,663,230 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of IonQ by 21.9% during the fourth quarter. Geode Capital Management LLC now owns 8,074,301 shares of the company's stock worth $361,624,000 after buying an additional 1,452,463 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of IonQ in the second quarter worth about $344,757,000. 41.42% of the stock is owned by hedge funds and other institutional investors.

IonQ News Summary

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ raised its 2026 revenue outlook to $450 million-$460 million, up from its prior $280 million-$290 million forecast. The revised guidance includes contributions from SkyWater Technology, acquired July 31, while accounting for the elimination of certain intercompany revenue. The increase was the primary catalyst for the share-price strength. IonQ Announces Increased Full-Year 2026 Financial Outlook Following SkyWater Acquisition
• Positive Sentiment: The SkyWater acquisition expands IonQ beyond quantum-computing services into semiconductor manufacturing and is expected to provide most of the guidance increase. Investors may view the deal as improving IonQ’s vertical integration and commercialization prospects, although the outlook is not solely attributable to quantum-computing demand. IonQ Just Raised Its 2026 Revenue Outlook by About 60%. Most of the Raise Isn't Quantum Computing.
• Positive Sentiment: IonQ launched the Superion product line, including the Superion 256, a planned upgradeable platform intended to support scalable, fault-tolerant quantum systems. The announcement gives investors additional product milestones to evaluate. IonQ Launches Superion Product Line
• Positive Sentiment: IonQ announced an $8.18 million agreement with Congruity360 to provide quantum-safe data protection using post-quantum cryptography and quantum key distribution appliances. The contract offers evidence of commercial demand for IonQ’s security-related offerings. IonQ and Congruity360 Partner to Enhance Quantum-Safe Protection
• Neutral Sentiment: IonQ published a detailed estimate for using Shor’s algorithm to break 256-bit elliptic-curve signatures, concluding that a system with roughly 20,000 physical qubits could be required. The research supports IonQ’s technical ambitions but also underscores the substantial scale and time needed for commercially relevant fault-tolerant quantum computing. IonQ Publishes World's First Fully Compiled Blueprint
• Negative Sentiment: A broader warning involving quantum-computing companies highlights continuing uncertainty over commercialization timelines and the risk that substantial investment may not translate into near-term profits. That concern is particularly relevant to IonQ, which remains unprofitable and trades at a growth-sensitive valuation. Three Quantum Computing Stocks Have Issued a Warning

About IonQ

IonQ, Inc engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.

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