IonQ (NYSE:IONQ) Research Coverage Started at Wedbush

Wedbush initiated coverage on shares of IonQ (NYSE:IONQ) in a research report sent to investors on Monday, Marketbeat Ratings reports. The firm issued an outperform rating and a $75.00 price target on the stock.

Several other equities research analysts have also commented on the company. Weiss Ratings upgraded IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Rosenblatt Securities reiterated a “buy” rating and set a $100.00 target price on shares of IonQ in a research report on Thursday, June 11th. Wall Street Zen raised IonQ from a “strong sell” rating to a “sell” rating in a report on Saturday, July 25th. Northland Securities upped their price target on IonQ from $55.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, June 22nd. Finally, Jefferies Financial Group set a $85.00 price target on IonQ in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, IonQ currently has a consensus rating of “Moderate Buy” and an average price target of $70.71.

IonQ Trading Down 4.1%

Shares of IONQ stock opened at $40.01 on Monday. IonQ has a 12 month low of $25.89 and a 12 month high of $84.64. The stock has a market cap of $14.93 billion, a P/E ratio of -142.88 and a beta of 3.28. The company has a 50 day simple moving average of $49.13 and a two-hundred day simple moving average of $43.39.

IonQ (NYSE:IONQ) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.08). IonQ had a negative return on equity of 23.20% and a net margin of 174.88%.The business had revenue of $64.67 million during the quarter, compared to the consensus estimate of $49.75 million. During the same quarter in the previous year, the business posted ($0.14) earnings per share. The firm’s revenue was up 754.7% on a year-over-year basis. As a group, equities analysts forecast that IonQ will post -2.26 earnings per share for the current year.

Insider Transactions at IonQ

In related news, insider John W. Raymond sold 3,815 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $55.01, for a total value of $209,863.15. Following the completion of the transaction, the insider owned 80,148 shares of the company’s stock, valued at approximately $4,408,941.48. This represents a 4.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kathryn K. Chou sold 2,757 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $55.02, for a total value of $151,690.14. Following the completion of the sale, the director owned 62,608 shares of the company’s stock, valued at $3,444,692.16. The trade was a 4.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,329 shares of company stock valued at $513,216 over the last three months. Corporate insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On IonQ

Large investors have recently made changes to their positions in the business. Royal Bank of Canada grew its position in shares of IonQ by 12.5% during the first quarter. Royal Bank of Canada now owns 134,176 shares of the company’s stock worth $2,962,000 after purchasing an additional 14,898 shares in the last quarter. Amundi purchased a new position in IonQ in the 1st quarter worth approximately $630,000. AQR Capital Management LLC lifted its holdings in IonQ by 106.2% in the 1st quarter. AQR Capital Management LLC now owns 57,305 shares of the company’s stock worth $1,265,000 after purchasing an additional 29,513 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in IonQ by 24.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 450,031 shares of the company’s stock worth $9,932,000 after purchasing an additional 87,428 shares during the period. Finally, Focus Partners Wealth boosted its stake in IonQ by 30.3% in the 1st quarter. Focus Partners Wealth now owns 46,782 shares of the company’s stock worth $1,032,000 after purchasing an additional 10,881 shares during the period. 41.42% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ reported record second-quarter revenue of approximately $80.1 million, up 287% year over year and above the $66.5 million consensus estimate. Its adjusted loss of $0.33 per share also beat expectations for a $0.56 loss. IonQ Announces Record Second Quarter 2026 Revenues, Growing 287% YoY
• Positive Sentiment: The company raised full-year 2026 revenue guidance to $280 million-$290 million, above the $268.2 million analyst consensus. However, the outlook excludes any contribution from the recently completed SkyWater deal. IonQ raises full-year guidance after Q2 results
• Positive Sentiment: Wedbush initiated coverage with an Outperform rating and a $75 price target, offering a bullish view of IonQ’s quantum-computing growth prospects. Wedbush initiates IonQ coverage
• Neutral Sentiment: IonQ signed an MOU with Sandia National Laboratories to explore quantum co-design for national-security applications. The agreement could support future government opportunities, but it does not yet represent contracted revenue. IonQ and Sandia National Laboratories MOU
• Negative Sentiment: Despite the revenue beat, IonQ remains unprofitable, and its roughly $14.9 billion market capitalization implies a very demanding valuation. Investors may be taking profits after a sharp recent rally and questioning whether growth can justify the premium.
• Negative Sentiment: The approximately $1.8 billion SkyWater acquisition adds integration, capital-spending, and execution risk. IonQ must prove that owning a semiconductor foundry accelerates its quantum-hardware roadmap without pressuring margins or increasing dilution.

IonQ Company Profile

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.