IonQ’s (IONQ) Outperform Rating Reiterated at Wedbush

IonQ (NYSE:IONQ)‘s stock had its “outperform” rating reissued by research analysts at Wedbush in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $75.00 price target on the stock. Wedbush’s price objective indicates a potential upside of 68.20% from the company’s previous close.

IONQ has been the topic of a number of other research reports. Morgan Stanley set a $49.00 price objective on shares of IonQ in a research note on Thursday, August 6th. Cantor Fitzgerald reissued an “overweight” rating and set a $70.00 price target on shares of IonQ in a report on Wednesday, September 9th. Benchmark reissued a “buy” rating and set a $60.00 price target on shares of IonQ in a report on Thursday, August 6th. Rosenblatt Securities reissued a “buy” rating and set a $100.00 price target on shares of IonQ in a report on Wednesday, September 9th. Finally, Wall Street Zen downgraded shares of IonQ from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, IonQ has an average rating of “Moderate Buy” and an average price target of $63.83.

IonQ Stock Performance

Shares of IonQ stock traded down $0.89 during trading hours on Tuesday, reaching $44.59. The company’s stock had a trading volume of 34,920,588 shares, compared to its average volume of 23,008,142. The firm has a 50 day moving average price of $39.98 and a 200-day moving average price of $44.15. IonQ has a one year low of $25.89 and a one year high of $84.64.

IonQ (NYSE:IONQ) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $66.47 million. During the same quarter in the prior year, the company earned ($0.70) EPS. The company’s revenue was up 286.7% compared to the same quarter last year. On average, equities research analysts forecast that IonQ will post -2.11 EPS for the current fiscal year.

Insider Transactions at IonQ

In other IonQ news, insider John Raymond sold 2,407 shares of the 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 transaction, the insider directly owned 77,741 shares of the company’s stock, valued at $2,892,742.61. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.55% of the stock is currently owned by insiders.

Hedge Funds Weigh In On IonQ

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Archer Investment Corp purchased a new position in IonQ during the second quarter valued at $25,000. EFG International AG purchased a new position in IonQ during the second quarter valued at $30,000. N.E.W. Advisory Services LLC purchased a new position in IonQ during the second quarter valued at $42,000. EverSource Wealth Advisors LLC lifted its holdings in IonQ by 216.5% during the first quarter. EverSource Wealth Advisors LLC now owns 959 shares of the company’s stock valued at $28,000 after purchasing an additional 656 shares in the last quarter. Finally, PeakShares LLC purchased a new position in IonQ during the first quarter valued at $29,000. 41.42% of the stock is owned by hedge funds and other institutional investors.

Key IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Bank of America initiated IonQ at Buy with a $60 price target, implying approximately 35% upside from the referenced $44.59 price. The firm believes IonQ’s semiconductor-based architecture offers a more credible path to scaling qubits than competing approaches. IonQ has been on fire this month. Bank of America says buy the quantum computing stock
• Positive Sentiment: BofA also highlighted IonQ’s recent acquisitions and expansion beyond quantum hardware, describing the company as a more diversified investment in the broader quantum-technology ecosystem. IonQ Is Building a Quantum Empire, BofA Says. Why the Stock Is a Buy.
• Positive Sentiment: IonQ is expected to deploy its Superion 256 system at NVIDIA’s Accelerated Quantum Research Center. The potential installation connects IonQ’s technology with NVIDIA’s AI infrastructure and could support industry validation and future commercial adoption. IonQ Takes Quantum Computing to NVIDIA’s Research Center: What’s Next?
• Positive Sentiment: Recent Superion 256 placements involving NVIDIA, Florida International University, and South Korea’s SDT provide evidence of growing customer and research interest in IonQ’s next-generation systems. IonQ Lined Up 3 Superion 256 Systems With NVIDIA, FIU, and SDT
• Negative Sentiment: IonQ remains an early-stage, loss-making company with a highly speculative valuation. Its negative earnings and substantial operating losses mean the $60 target depends heavily on successful scaling, commercial deployments, and sustained investor enthusiasm.
• Neutral Sentiment: The mixed trading response suggests investors may be taking profits after six consecutive advancing sessions, even as analyst optimism strengthens the longer-term narrative.

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 be difficult for classical computers, with potential applications in areas such as optimization, materials science, drug discovery, artificial intelligence and financial modeling.

The company provides access to its quantum processors through cloud platforms, including Amazon Web Services’ Amazon Braket, Microsoft Azure Quantum and Google Cloud.