IonQ’s (IONQ) Overweight Rating Reiterated at Cantor Fitzgerald

IonQ (NYSE:IONQ)‘s stock had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald in a report issued on Thursday,Benzinga reports. They currently have a $70.00 price objective on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 74.97% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Rosenblatt Securities restated a “buy” rating and set a $100.00 price objective on shares of IonQ in a research note on Thursday, June 11th. JPMorgan Chase & Co. upped their price target on IonQ from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Northland Securities lifted their price objective on shares of IonQ from $55.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, June 22nd. Wedbush began coverage on shares of IonQ in a research note on Monday. They set an “outperform” rating and a $75.00 target price for the company. Finally, Wall Street Zen upgraded shares of IonQ from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, IonQ currently has an average rating of “Moderate Buy” and an average target price of $69.88.

IonQ Price Performance

Shares of IONQ stock opened at $40.01 on Thursday. The firm has a fifty day moving average of $49.13 and a two-hundred day moving average of $43.39. The firm has a market cap of $14.93 billion, a P/E ratio of -142.88 and a beta of 3.28. IonQ has a 1-year low of $25.89 and a 1-year high of $84.64.

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

Insider Transactions at IonQ

In other news, Director Kathryn K. Chou sold 2,757 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.02, for a total transaction of $151,690.14. Following the completion of the transaction, the director owned 62,608 shares in the company, valued at approximately $3,444,692.16. This represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gabrielle B. Toledano sold 2,757 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.01, for a total transaction of $151,662.57. Following the completion of the sale, the director directly owned 11,154 shares in the company, valued at approximately $613,581.54. This trade represents a 19.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 9,329 shares of company stock worth $513,216. Insiders own 0.55% of the company’s stock.

Institutional Trading of IonQ

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in IonQ by 18.5% during the 4th quarter. Vanguard Group Inc. now owns 34,774,743 shares of the company’s stock worth $1,560,343,000 after acquiring an additional 5,420,037 shares during the period. State Street Corp increased its holdings in shares of IonQ by 42.3% during the fourth quarter. State Street Corp now owns 8,962,789 shares of the company’s stock valued at $402,160,000 after purchasing an additional 2,663,230 shares during the period. Geode Capital Management LLC raised its stake in shares of IonQ by 21.9% during the fourth quarter. Geode Capital Management LLC now owns 8,074,301 shares of the company’s stock valued at $361,624,000 after purchasing an additional 1,452,463 shares in the last quarter. Norges Bank bought a new position in IonQ in the 4th quarter valued at about $199,753,000. Finally, Marex Group plc raised its position in shares of IonQ by 419.1% during the 4th quarter. Marex Group plc now owns 4,083,453 shares of the company’s stock worth $183,225,000 after buying an additional 3,296,866 shares in the last quarter. 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: Record revenue and higher guidance: IonQ reported second-quarter revenue of approximately $80.1 million, up 287% year over year and ahead of analyst expectations. The company also raised its 2026 revenue outlook to $280 million-$290 million, above the roughly $268 million consensus estimate. Its adjusted loss was better than expected, although GAAP results were affected by substantial non-cash warrant-valuation charges. IonQ Announces Record Second Quarter 2026 Revenues, Growing 287% YoY
• Positive Sentiment: Defense contract momentum: DARPA awarded IonQ a $28 million contract extension to produce and deliver 125 Evergreen-05 optical atomic clocks for applications including radar, secure communications and precision navigation. Separately, IonQ’s Capella space division won an NRO contract to provide commercial synthetic-aperture-radar imagery and data for national-security missions. DARPA Selects IonQ to Produce Next-Generation Atomic Clocks IonQ’s Space Division Awarded NRO Radar Commercial Augmentation Contract
• Positive Sentiment: Expanded partnerships: IonQ is advancing quantum networking and security through agreements with Sandia National Laboratories and EPB, including a Tennessee research center intended to test quantum-memory technology on a live fiber network. These initiatives could strengthen commercial utility and government adoption. IonQ and Sandia National Laboratories Sign MOU
• Neutral Sentiment: Analyst support: Wedbush initiated coverage with an Outperform rating and a $75 price target, while the broader brokerage consensus is “Moderate Buy.”
• Negative Sentiment: Valuation and execution risk remain high: IonQ’s market capitalization is about $14.9 billion despite continuing losses, and its valuation leaves little room for delays in scaling quantum hardware, integrating SkyWater Technology or converting contracted business into recognized revenue. The stock’s retreat from approximately $69 in June to about $42 by early August highlights elevated sector volatility. 3 Quantum Computing Stocks Worth the Speculative Bet in August

About IonQ

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.