IonQ’s (IONQ) Buy Rating Reiterated at Benchmark

Benchmark reissued their buy rating on shares of IonQ (NYSE:IONQ) in a research note published on Thursday morning,Benzinga reports. They currently have a $60.00 price objective on the stock.

Several other brokerages also recently weighed in on IONQ. Wedbush started coverage on IonQ in a research report on Monday, August 3rd. They issued an “outperform” rating and a $75.00 target price for the company. Morgan Stanley set a $48.50 price target on IonQ in a research report on Thursday, May 7th. Jefferies Financial Group set a $75.00 price target on IonQ in a report on Thursday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 price objective on shares of IonQ in a research report on Thursday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $65.00 price objective on shares of IonQ in a report on Thursday. Nine 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $69.92.

IonQ Trading Up 12.0%

IonQ stock opened at $44.48 on Thursday. The firm has a market capitalization of $16.60 billion, a P/E ratio of -9.55 and a beta of 3.28. The stock has a fifty day moving average price of $47.97 and a 200 day moving average price of $43.32. IonQ has a 52 week low of $25.89 and a 52 week high of $84.64.

IonQ (NYSE:IONQ) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.23. The company had revenue of $80.05 million for the quarter, compared to analyst estimates of $66.47 million. IonQ had a negative net margin of 553.27% and a negative return on equity of 21.75%. IonQ’s revenue for the quarter was up 286.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.70) EPS. As a group, equities analysts predict that IonQ will post -2.26 EPS for the current year.

Insider Buying and Selling

In other IonQ news, Director Gabrielle B. Toledano sold 2,757 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $55.01, for a total value of $151,662.57. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kathryn K. Chou sold 2,757 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $55.02, for a total value of $151,690.14. Following the completion of the sale, the director owned 62,608 shares in the company, valued at $3,444,692.16. The trade was a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 9,329 shares of company stock worth $513,216 in the last three months. 0.55% of the stock is owned by insiders.

Hedge Funds Weigh In On IonQ

Several institutional investors have recently modified their holdings of the company. Bogart Wealth LLC boosted its position in shares of IonQ by 24.4% during the first quarter. Bogart Wealth LLC now owns 1,273 shares of the company’s stock worth $37,000 after buying an additional 250 shares during the period. Beaird Harris Wealth Management LLC increased its position in IonQ by 117.4% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 500 shares of the company’s stock valued at $31,000 after acquiring an additional 270 shares during the period. EverSource Wealth Advisors LLC increased its position in IonQ by 50.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 831 shares of the company’s stock valued at $36,000 after acquiring an additional 279 shares during the period. ABN Amro Investment Solutions raised its stake in IonQ by 2.5% during the 1st quarter. ABN Amro Investment Solutions now owns 12,314 shares of the company’s stock valued at $355,000 after acquiring an additional 295 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in IonQ by 26.1% during the 2nd quarter. Versant Capital Management Inc now owns 1,491 shares of the company’s stock worth $79,000 after acquiring an additional 309 shares during the period. Institutional investors own 41.42% of the company’s stock.

IonQ News Summary

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Record quarterly results and raised outlook: IonQ reported second-quarter revenue of approximately $80.1 million, up 287% year over year and above expectations. The company also raised its 2026 revenue outlook to $280 million–$290 million, reinforcing the view that demand is accelerating. IONQ Q2 Earnings Miss Estimates, Revenues Beat, Stock Rises
• Positive Sentiment: Defense business is expanding: DARPA awarded IonQ a $28 million contract extension, with a potential additional $30 million option, to produce 125 next-generation optical atomic clocks. Separately, IonQ’s Capella space division won an NRO contract for commercial synthetic-aperture-radar data supporting national-security missions. These awards add revenue visibility and strengthen IonQ’s government customer base. DARPA Selects IonQ to Produce Next-Generation Atomic Clocks
• Positive Sentiment: Strategic growth initiatives gained attention: The $1.8 billion SkyWater Technology acquisition is supporting IonQ’s vertically integrated quantum roadmap, including a planned 256-qubit system. Reported remaining performance obligations reached $485 million, while new grid, networking and cybersecurity projects broaden the company’s commercial opportunity. IonQ Sparks a Quantum Grid Revolution
• Positive Sentiment: Analyst sentiment remains bullish: Benchmark, Needham, Cantor Fitzgerald and Rosenblatt reaffirmed positive ratings, with price targets ranging from $60 to $100, helping support the rebound in speculative quantum stocks.
• Neutral Sentiment: IonQ remains a high-volatility, unprofitable growth stock. Analysts see substantial long-term upside if quantum adoption reaches commercial milestones, but the shares are still well below their 52-week high and the company continues to post significant losses. What Sent IonQ Shares Surging and Whether the Momentum Can Last
• Negative Sentiment: IonQ filed a prospectus supplement related to a secondary share resale, which could increase the available share supply and create dilution or selling-pressure concerns. Investors are also still mindful of the stock’s 31.6% July decline and the risk that enthusiasm may fade if quantum commercialization takes longer than expected. IonQ Files Prospectus Supplement for Secondary Share Resale

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.