IonQ (NYSE:IONQ) Now Covered by Analysts at Bank of America

Bank of America initiated coverage on shares of IonQ (NYSE:IONQ) in a research report sent to investors on Monday, Marketbeat Ratings reports. The firm issued a buy rating and a $60.00 target price on the stock.

A number of other equities analysts have also recently issued reports on IONQ. Wall Street Zen cut shares of IonQ from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Weiss Ratings lowered IonQ from a “sell (d+)” rating to a “sell (d-)” rating in a report on Friday, August 21st. Rosenblatt Securities reiterated a “buy” rating and set a $100.00 price target on shares of IonQ in a research report on Wednesday, September 9th. Benchmark reiterated a “buy” rating and set a $60.00 price target on shares of IonQ in a research report on Thursday, August 6th. Finally, B. Riley Financial restated a “buy” rating on shares of IonQ in a research report on Wednesday, September 9th. 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $63.83.

IonQ Stock Performance

Shares of NYSE:IONQ opened at $44.59 on Monday. The stock has a market capitalization of $16.99 billion, a price-to-earnings ratio of -9.57 and a beta of 3.30. IonQ has a 1-year low of $25.89 and a 1-year high of $84.64. The company’s fifty day moving average is $39.98 and its two-hundred day moving average is $44.15.

IonQ (NYSE:IONQ) last posted its quarterly earnings results 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 net margin of 553.27% and a negative return on equity of 22.29%. The company had revenue of $80.05 million for the quarter, compared to the consensus estimate of $66.47 million. During the same period last year, the firm posted ($0.70) EPS. The company’s revenue for the quarter was up 286.7% on a year-over-year basis. Sell-side analysts expect 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 business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $37.21, for a total transaction of $89,564.47. Following the completion of the transaction, the insider directly owned 77,741 shares of the company’s stock, valued at $2,892,742.61. The trade was a 3.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is owned by insiders.

Hedge Funds Weigh In On IonQ

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of IonQ in the 2nd quarter worth approximately $1,112,945,000. Geode Capital Management LLC boosted its holdings 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 valued at $361,624,000 after acquiring an additional 1,452,463 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of IonQ during the second quarter valued at approximately $344,757,000. Norges Bank acquired a new position in shares of IonQ during the fourth quarter valued at approximately $199,753,000. Finally, Clear Street Group Inc. raised its holdings in IonQ by 219.6% during the fourth quarter. Clear Street Group Inc. now owns 3,195,818 shares of the company’s stock worth $143,396,000 after purchasing an additional 2,196,017 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: Bank of America argues that IonQ’s semiconductor-based architecture offers a credible path to scaling qubits, contrasting it with approaches that rely more heavily on lasers. The firm also views IonQ’s acquisitions as creating a broader, more diversified quantum-computing platform. CNBC article
• Positive Sentiment: The bullish thesis is supported by expected deployments of IonQ’s Superion 256 system, including a planned installation at NVIDIA’s Accelerated Quantum Research Center, as well as placements with Florida International University and South Korea’s SDT. These agreements could provide commercial validation and help establish IonQ’s technology in AI and research infrastructure. Zacks article
• Positive Sentiment: Investors are also looking ahead to the company’s planned 2027 Superion launch, which could mark an important step toward larger-scale quantum systems. Benzinga article
• Neutral Sentiment: IonQ’s latest quarterly results showed revenue growth of 286.7% year over year to $80.05 million and a smaller-than-expected loss, but the company remains unprofitable, with analysts forecasting a full-year loss. This leaves the stock highly dependent on future execution and commercial adoption.
• Negative Sentiment: After a sharp recent rally and continued volatility in quantum-computing stocks, some investors may be locking in gains. IonQ also trades on long-term expectations rather than current earnings, increasing sensitivity to valuation concerns and delays in scaling or deploying its systems.

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.