IonQ (NYSE:IONQ) Receives “Outperform” Rating from Wedbush

IonQ (NYSE:IONQ)‘s stock had its “outperform” rating reaffirmed by Wedbush in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $75.00 target price on the stock. Wedbush’s price target would suggest a potential upside of 85.55% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. B. Riley Financial restated a “buy” rating on shares of IonQ in a research note on Wednesday, September 9th. Cantor Fitzgerald restated an “overweight” rating and set a $70.00 price target on shares of IonQ in a report on Wednesday, September 9th. Morgan Stanley set a $49.00 price target on IonQ in a research report on Thursday, August 6th. Wall Street Zen cut shares of IonQ from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Finally, Northland Securities upped their price target on IonQ from $55.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, June 22nd. Nine investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, IonQ has a consensus rating of “Moderate Buy” and an average price target of $64.18.

IonQ Trading Up 3.3%

IONQ opened at $40.42 on Tuesday. The company has a market capitalization of $15.40 billion, a price-to-earnings ratio of -8.67 and a beta of 3.30. The business’s fifty day simple moving average is $39.23 and its 200-day simple moving average is $43.88. IonQ has a 12-month low of $25.89 and a 12-month high of $84.64.

IonQ (NYSE:IONQ) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.56) by $0.23. The firm had revenue of $80.05 million during the quarter, compared to analyst estimates of $66.47 million. IonQ had a negative return on equity of 22.29% and a negative net margin of 553.27%.The business’s revenue for the quarter was up 286.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.70) EPS. On average, equities research analysts predict that IonQ will post -2.11 EPS for the current year.

Insider Transactions at IonQ

In other 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 transaction of $89,564.47. Following the transaction, the insider owned 77,741 shares of the company’s stock, valued at $2,892,742.61. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Archer Investment Corp bought a new position in IonQ during the second quarter worth $25,000. EverSource Wealth Advisors LLC grew its holdings in IonQ by 216.5% in the first quarter. EverSource Wealth Advisors LLC now owns 959 shares of the company’s stock worth $28,000 after purchasing an additional 656 shares during the period. PeakShares LLC purchased a new stake in shares of IonQ during the first quarter valued at $29,000. EFG International AG bought a new stake in IonQ during the second quarter valued at about $30,000. Finally, MWA Asset Management purchased a new position in IonQ during the first quarter valued at $32,000. 41.42% of the stock is owned by institutional investors.

Trending Headlines about IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: South Korean expansion: IonQ entered a multi-year partnership with SDT, Inc. to supply a Superion 256 quantum computer and silicon-vacancy quantum memory module. SDT plans to establish a Gumi facility for quantum assembly, packaging, and integration, with the companies targeting a hybrid quantum-classical data center and broader quantum networking deployment across the Asia-Pacific region. The agreement strengthens IonQ’s commercial footprint, although financial terms were not disclosed. IonQ and SDT Partnership
• Positive Sentiment: Commercial validation with Synopsys: IonQ and Synopsys reported engineering simulations running up to 14.6% faster, offering evidence that IonQ’s quantum technology may improve industrial workflows and support future enterprise demand. IonQ and Synopsys Simulation Results
• Neutral Sentiment: Public-sector focus: IonQ hired former IBM executive Charles Robinson as its first public-sector quantum security chief, signaling an effort to build government and security-related business. The appointment could support long-term growth, but it does not immediately change revenue or earnings. IonQ Public-Sector Security Appointment
• Negative Sentiment: Insider selling concerns: A report says insiders across IonQ and several other quantum-computing companies have been significant net sellers after substantial share-price gains. Such selling can raise concerns about valuation and management confidence, even though it does not necessarily indicate weakening operations. Quantum Computing Insider Selling Report
• Negative Sentiment: Profitability and execution risks: IonQ’s rapid revenue growth has been accompanied by widening losses, increased spending, and full-year sales guidance that relies heavily on a recent acquisition. These factors keep valuation and future funding needs as key risks for investors. IonQ Investment Risks

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.