DA Davidson Cuts IonQ (NYSE:IONQ) Price Target to $35.00

IonQ (NYSE:IONQ) had its price objective cut by DA Davidson from $55.00 to $35.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

IONQ has been the topic of several other reports. Needham & Company LLC dropped their target price on IonQ from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday. Benchmark dropped their price target on shares of IonQ from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday. Morgan Stanley cut their price objective on shares of IonQ from $58.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, February 23rd. Jefferies Financial Group initiated coverage on IonQ in a research note on Tuesday, December 16th. They issued a “buy” rating and a $100.00 price objective for the company. Finally, Wedbush initiated coverage on IonQ in a report on Wednesday, December 17th. They set an “outperform” rating and a $60.00 price target for the company. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.45.

IonQ Stock Down 6.3%

Shares of IonQ stock opened at $38.30 on Thursday. IonQ has a twelve month low of $17.88 and a twelve month high of $84.64. The company has a market cap of $13.31 billion, a price-to-earnings ratio of -15.38 and a beta of 2.63. The company’s 50 day moving average is $42.58 and its 200 day moving average is $50.33.

Insider Activity

In other IonQ news, Director William J. Teuber, Jr. acquired 3,000 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was purchased at an average price of $38.38 per share, with a total value of $115,140.00. Following the completion of the purchase, the director directly owned 9,413 shares in the company, valued at approximately $361,270.94. The trade was a 46.78% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathryn K. Chou sold 20,000 shares of IonQ stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $51.40, for a total value of $1,028,000.00. Following the sale, the director directly owned 60,839 shares in the company, valued at $3,127,124.60. This trade represents a 24.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,781 shares of company stock worth $1,525,804 over the last ninety days. Corporate insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On IonQ

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in IonQ by 18.5% in the 4th quarter. Vanguard Group Inc. now owns 34,774,743 shares of the company’s stock worth $1,560,343,000 after purchasing an additional 5,420,037 shares in the last quarter. State Street Corp increased its holdings in shares of IonQ by 42.3% in the fourth quarter. State Street Corp now owns 8,962,789 shares of the company’s stock worth $402,160,000 after purchasing an additional 2,663,230 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of IonQ by 21.9% in 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. Norges Bank bought a new position in IonQ during the fourth quarter valued at approximately $199,753,000. Finally, Marex Group plc grew its holdings in IonQ by 419.1% during the 4th quarter. Marex Group plc now owns 4,083,453 shares of the company’s stock valued at $183,225,000 after buying an additional 3,296,866 shares in the last quarter. 41.42% of the stock is owned by hedge funds and other institutional investors.

More IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Q4 beat and raised FY26 guidance — IonQ reported Q4 revenue of $61.9M (≈429% YoY) and raised 2026 revenue guidance to $225–245M, a major growth surprise that sparked the prior session’s rally. IonQ Just Delivered the Quarter That Changes the Quantum Narrative
• Positive Sentiment: Large cash cushion and strategic M&A — IonQ’s pro‑forma cash/investments (~$3.3B) plus acquisitions (Vector Atomic, SkyWater) reduce dilution risk and support aggressive growth/defense contracting. IonQ Just Delivered the Quarter That Changes the Quantum Narrative
• Positive Sentiment: Commercial & defense traction — New deployments (large QKD network in Romania) and inclusion on the MDA SHIELD IDIQ validate demand outside pilots and improve revenue visibility. IonQ Delivers One of the Largest Operational Quantum Key Distribution Networks in Europe
• Neutral Sentiment: Sector/peer context — Comparative analyst pieces (QUBT, RGTI, D‑Wave) provide context on upside vs. rivals but don’t change IonQ’s company‑specific drivers. QUBT vs. IONQ: Which Quantum Computing Stock Offers Greater Upside?
• Neutral Sentiment: Earnings call/transcript available — Read management’s comments for color on cadence and margin targets; useful for modeling but not an immediate catalyst. IonQ Q4 2025 Earnings Call Transcript
• Negative Sentiment: Analyst trims and mixed broker notes — Several firms cut targets or moved to neutral after Q4 (DA Davidson, JPMorgan), which can cap near‑term upside and feeds headline selling. These Analysts Slash Their Forecasts On IonQ After Q4 Results
• Negative Sentiment: Margins and cash burn remain a concern — Gross margin contracted and management projects a large adjusted loss for 2026, keeping valuation dependent on sustained execution. IonQ Stock Up on Q4 Earnings & Revenue Beat, Gross Margin Down
• Negative Sentiment: Post‑rally profit‑taking, analyst caution and an insider sale are pressuring the stock today after the big move — high volume and volatile positioning amplified the pullback. SEC Insider Filing

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.