IonQ (NYSE:IONQ) Stock Rating Reaffirmed as Buy by Rosenblatt Securities

IonQ (NYSE:IONQ)‘s stock had its “buy” rating restated by equities researchers at Rosenblatt Securities in a report issued on Tuesday, Benzinga reports. They currently have a $100.00 target price on the stock. Rosenblatt Securities’ target price suggests a potential upside of 188.48% from the stock’s previous close.

A number of other brokerages have also recently issued reports on IONQ. Benchmark reiterated a “buy” rating and set a $60.00 price objective on shares of IonQ in a research note on Thursday, August 6th. Jefferies Financial Group reiterated a “buy” rating and set a $80.00 price objective on shares of IonQ in a research note on Wednesday, September 9th. Northland Securities upped their price objective on IonQ from $55.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, June 22nd. Weiss Ratings cut IonQ from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, August 21st. Finally, Wall Street Zen cut IonQ from a “sell” rating to a “strong sell” rating in a research note 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.83.

IonQ Trading Down 4.4%

Shares of IonQ stock traded down $1.61 on Tuesday, reaching $34.67. 10,753,417 shares of the company were exchanged, compared to its average volume of 24,469,281. IonQ has a one year low of $25.89 and a one year high of $81.08. The company has a market capitalization of $13.21 billion, a price-to-earnings ratio of -7.45 and a beta of 3.36. The company has a 50-day moving average of $41.36 and a 200 day moving average of $44.78.

IonQ (NYSE:IONQ) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.23. IonQ had a negative return on equity of 22.29% and a negative net margin of 553.27%. The company had revenue of $80.05 million for the quarter, compared to analysts’ expectations of $66.47 million. During the same quarter in the prior year, the business posted ($0.70) EPS. The business’s revenue was up 286.7% compared to the same quarter last year. Analysts predict that IonQ will post -2.11 earnings per share for the current year.

Insider Buying and Selling at IonQ

In other IonQ news, insider John Raymond sold 2,407 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $37.21, for a total value 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 represents a 3.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in IonQ in the 2nd quarter valued at $1,112,945,000. Bank of America Corp DE acquired a new position in IonQ in the 2nd quarter valued at $344,757,000. Bank of New York Mellon Corp acquired a new position in IonQ in the 2nd quarter valued at $113,863,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in IonQ by 45.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,632,290 shares of the company’s stock valued at $86,936,000 after buying an additional 506,191 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in IonQ in the 2nd quarter valued at $82,126,000. 41.42% of the stock is owned by institutional investors and hedge funds.

More IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Analyst support: Rosenblatt Securities reaffirmed its “buy” rating and assigned a $100 price target, indicating significant potential upside if IonQ executes on its growth strategy. Benzinga analyst report
• Positive Sentiment: Quantum networking breakthrough: IonQ reported achieving 1,032 entangled pairs per second—approximately a 1 kHz rate—between trapped-ion qubits and solid-state quantum memory. The development could support larger, networked quantum-computing systems. IonQ quantum interconnect breakthrough
• Positive Sentiment: Government opportunity: The Pentagon’s approximately $350 million quantum initiative and IonQ’s progress in DARPA’s Quantum Benchmarking Initiative could lead to additional government contracts, although the timing and revenue impact remain uncertain. Pentagon quantum funding article
• Positive Sentiment: SkyWater partnership: D-Wave Quantum agreed to a multiyear arrangement with SkyWater Technology, which IonQ owns, highlighting SkyWater’s foundry capabilities and potentially strengthening IonQ’s position in the quantum supply chain. D-Wave and SkyWater partnership
• Neutral Sentiment: Elisity strategic rationale: IonQ plans to acquire zero-trust cybersecurity provider Elisity in an all-stock transaction valued at up to $1.3 billion, including as much as $150 million in performance-based earnouts. Management expects the combination to pair Elisity’s enterprise security platform with IonQ’s post-quantum cryptography and quantum key-distribution technologies. IonQ Elisity acquisition
• Negative Sentiment: Dilution concerns: Because IonQ is funding the Elisity purchase entirely with stock, investors are concerned about the number of new shares issued and whether the acquisition price is justified while IonQ remains unprofitable. The share issuance will be based on a 20-day average price within a collar of approximately $33.07 to $49.61, contributing to the selloff.
• Negative Sentiment: Execution and valuation risk: The transaction expands IonQ beyond quantum hardware into cybersecurity software, but integration costs, uncertain commercial quantum timelines and IonQ’s high valuation could limit near-term returns if Elisity fails to scale as expected.

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 eventually support applications in areas such as optimization, materials science, drug discovery, financial modeling and artificial intelligence.

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