IonQ’s (IONQ) “Outperform” Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of IonQ (NYSE:IONQ) in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $75.00 price objective on the stock.

IONQ has been the subject of several other reports. Morgan Stanley set a $49.00 target price on shares of IonQ in a research note on Thursday, August 6th. Wall Street Zen lowered IonQ from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $65.00 price objective on shares of IonQ in a research report on Wednesday, September 9th. Cantor Fitzgerald reiterated an “overweight” rating and set a $70.00 target price on shares of IonQ in a research note on Wednesday, September 9th. Finally, Weiss Ratings lowered IonQ from a “sell (d+)” rating to a “sell (d-)” rating in a report on Friday, August 21st. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $64.18.

IonQ Trading Up 5.6%

NYSE IONQ opened at $44.91 on Tuesday. The firm’s fifty day moving average price is $39.56 and its two-hundred day moving average price is $44.01. IonQ has a 1 year low of $25.89 and a 1 year high of $84.64. The firm has a market capitalization of $17.11 billion, a P/E ratio of -9.64 and a beta of 3.30.

IonQ (NYSE:IONQ) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.33) EPS for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was up 286.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.70) earnings per share. On average, research analysts anticipate that IonQ will post -2.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider John Raymond sold 2,407 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $37.21, for a total value of $89,564.47. Following the transaction, the insider owned 77,741 shares in the company, valued at approximately $2,892,742.61. This represents a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On IonQ

Several hedge funds have recently bought and sold shares of the stock. Swedbank AB bought a new stake in shares of IonQ in the fourth quarter valued at approximately $2,708,000. Jefferies Financial Group Inc. acquired a new stake in IonQ during the fourth quarter worth approximately $3,271,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in IonQ by 96.5% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 125,556 shares of the company’s stock worth $3,620,000 after acquiring an additional 61,656 shares during the period. Simplicity Wealth LLC bought a new position in IonQ during the 2nd quarter worth $981,000. Finally, Forsta AP Fonden acquired a new position in IonQ in the 4th quarter valued at $5,488,000. 41.42% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Real-time error-correction breakthrough: IonQ demonstrated a real-time quantum error-correction decoder that can run on a standard CPU. Investors view the development as a potential solution to a major obstacle in building fault-tolerant, commercially useful quantum computers. IonQ shares rally after quantum breakthrough
• Positive Sentiment: NVIDIA collaboration adds validation: IonQ plans to deploy its Superion 256 system at NVIDIA’s Accelerated Quantum Research Center, connecting the quantum processor with NVIDIA AI infrastructure through NVQLink. The deal strengthens IonQ’s credibility and could support hybrid AI-quantum computing applications. IonQ to deploy first quantum computer at NVIDIA research center
• Positive Sentiment: New university contract expands commercial footprint: Florida International University selected IonQ’s 256-qubit Superion platform for installation, marking the first planned deployment of the system in Florida and expanding IonQ’s on-premises academic customer base. Miami’s first quantum computer coming to FIU
• Positive Sentiment: Analyst and trading support: Wedbush assigned IonQ an Outperform rating, while elevated call-option activity indicated increased speculative and bullish interest. The technology news also lifted other quantum-computing stocks, reinforcing sector momentum.
• Neutral Sentiment: Commercialization remains the key test: Coverage describes IonQ as a leader in quantum accuracy and full-stack development, but investors are debating how quickly the breakthroughs will translate into recurring revenue and profitable deployments. Quantum stocks near Q3 finish line
• Negative Sentiment: Financial risks temper enthusiasm: IonQ remains unprofitable, with a deeply negative net margin and continuing expected annual losses. Commentators also warn that the stock’s valuation is difficult to justify based on current revenue, leaving it vulnerable to profit-taking and interest-rate pressure despite the technical progress.

IonQ Company Profile

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.