IonQ (IONQ) Stock Forecast & Price Target

$8.21

+0.28 (+3.53%)

(As of 07/26/2024 ET)

IonQ - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 5 Analyst Ratings

Based on 5 Wall Street analysts who have issued ratings for IonQ in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 5 analysts, 2 have given a hold rating, and 3 have given a buy rating for IONQ.

Consensus Price Target

$16.50
100.97% Upside

High Forecast	$21.00
Average Forecast	$16.50
Low Forecast	$11.50

According to the 5 analysts' twelve-month price targets for IonQ, the average price target is $16.50. The highest price target for IONQ is $21.00, while the lowest price target for IONQ is $11.50. The average price target represents a forecasted upside of 100.97% from the current price of $8.21.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)
Hold	2 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$16.50	$16.50	$16.50	$8.75
Forecasted Upside	100.97% Upside	31.68% Upside	27.08% Upside	44.78% Upside

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IONQ Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

IONQ Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

IonQ Stock vs. The Competition

Type	IonQ	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.60	2.61	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	100.97% Upside	554.05% Upside	9.10% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
5/16/2024	Needham & Company LLC 3 of 5 stars	Reiterated Rating	Buy ➝ Buy	$18.00	+100.00%
2/29/2024	The Goldman Sachs Group 2 of 5 stars	Lower Target	Neutral ➝ Neutral	$13.00 ➝ $11.50	+7.88%
10/30/2023	Morgan Stanley 3 of 5 stars	Lower Target	Equal Weight ➝ Equal Weight	$16.00 ➝ $12.00	+22.82%
8/14/2023	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$17.00 ➝ $20.00	+27.31%
8/11/2023	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$12.00 ➝ $21.00	+19.93%
7/13/2023	Westpark Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:59 AM ET.

IONQ Forecast - Frequently Asked Questions

What is IonQ's forecast for 2024?: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for IonQ is $16.50, with a high forecast of $21.00 and a low forecast of $11.50.
Should I buy or sell IonQ stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for IonQ in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" IONQ shares.
Does IonQ's stock price have much upside?: According to analysts, IonQ's stock has a predicted upside of 31.68% based on their 12-month stock forecasts.
What analysts cover IonQ?: IonQ has been rated by research analysts at Needham & Company LLC in the past 90 days.
Do Wall Street analysts like IonQ more than its competitors?: Analysts like IonQ less than other "computer and technology" companies. The consensus rating score for IonQ is 2.60 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how IONQ compares to other companies.