IonQ (NYSE:IONQ) Price Target Cut to $65.00 by Analysts at Jefferies Financial Group

IonQ (NYSE:IONQ) had its price target decreased by Jefferies Financial Group from $80.00 to $65.00 in a research note released on Friday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other research analysts also recently weighed in on the stock. Cantor Fitzgerald reduced their price target on shares of IonQ from $70.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday. Wedbush reiterated an “outperform” rating and issued a $75.00 price objective on shares of IonQ in a report on Tuesday, October 13th. Morgan Stanley reduced their target price on IonQ from $49.00 to $43.00 and set an “equal weight” rating for the company in a report on Thursday, October 15th. B. Riley Financial reduced their target price on IonQ from $100.00 to $75.00 and set a “buy” rating for the company in a report on Monday, November 2nd. Finally, Mizuho lowered their price target on IonQ from $61.00 to $52.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 9th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.23.

IonQ Stock Up 21.5%

Shares of NYSE:IONQ traded up $5.69 during trading on Friday, reaching $32.12. 42,656,594 shares of the company’s stock traded hands, compared to its average volume of 22,644,404. The firm has a market cap of $13.79 billion, a PE ratio of 118.98 and a beta of 3.32. IonQ has a fifty-two week low of $24.92 and a fifty-two week high of $73.65. The company has a 50-day simple moving average of $36.91 and a 200-day simple moving average of $41.58.

IonQ (NYSE:IONQ) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.06. IonQ had a negative return on equity of 22.29% and a negative net margin of 553.27%. The company had revenue of $173.83 million for the quarter, compared to the consensus estimate of $141.49 million. During the same quarter in the prior year, the business posted ($3.58) earnings per share. IonQ’s revenue for the quarter was up 336.0% on a year-over-year basis. On average, equities research analysts forecast that IonQ will post -2.96 EPS for the current year.

Insider Activity

In related news, insider John Raymond sold 2,407 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 77,741 shares in the company, valued at approximately $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 accessible through this link. 0.55% of the stock is owned by corporate insiders.

Institutional Trading of IonQ

Several hedge funds have recently made changes to their positions in the business. Vanguard Capital Wealth Advisors purchased a new position in IonQ in the third quarter valued at $763,000. Simplicity Wealth LLC acquired a new stake in IonQ in the second quarter valued at $981,000. Swedbank AB lifted its holdings in IonQ by 147.7% during the 1st quarter. Swedbank AB now owns 149,503 shares of the company’s stock worth $4,310,000 after buying an additional 89,148 shares during the last quarter. Weiss Asset Management LP purchased a new stake in IonQ during the 1st quarter worth about $663,000. Finally, Zevenbergen Capital Investments LLC boosted its position in shares of IonQ by 9.3% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 218,605 shares of the company’s stock worth $9,588,000 after acquiring an additional 18,605 shares in the last quarter. Institutional investors and hedge funds own 41.42% of the company’s stock.

Key Stories Impacting IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ reported record third-quarter revenue of $173.8 million, up 336% year over year and above analyst expectations. Its loss per share was also narrower than forecast. Why IonQ Stock Is Soaring Today
• Positive Sentiment: The company raised its 2026 revenue guidance to $505 million–$515 million. Its backlog reached $1.2 billion, and Superion 256 capacity is booked through 2027—signs of robust demand and future sales visibility. IonQ: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: IonQ also advanced to Stage C of DARPA’s quantum benchmarking initiative, while its SkyWater acquisition is expected to strengthen manufacturing capabilities. IonQ Q3 2026 Earnings Call Highlights
• Neutral Sentiment: Analysts at Cantor Fitzgerald and Needham lowered their price targets but kept positive ratings, reflecting a more cautious outlook without abandoning the investment case. Cantor Fitzgerald recommendations
• Negative Sentiment: Despite the growth, IonQ remains loss-making. Investors are also weighing cash burn and potential dilution from its planned capital raise and stock-funded $1.15 billion Elisity acquisition, as well as uncertainty over how quickly quantum computing demand will translate into sustainable profits. IonQ Beat and Raised: Can the Quantum Stock Buck the Tech Selloff?
• Negative Sentiment: Zacks added IONQ to its Strong Sell list, a counterpoint to the earnings optimism and a potential source of investor caution. New Strong Sell Stocks for November 6th

IonQ Company Profile

IonQ, Inc (NYSE: IONQ) is a quantum computing company that develops full-stack quantum computing systems and related software. Its technology is based on trapped-ion quantum computing, which uses electrically charged atoms as qubits and is designed to support highly accurate quantum operations.

The company provides access to its quantum computers through cloud platforms and direct enterprise and research engagements. Its offerings include quantum computing hardware, cloud-based access, software tools, and professional services intended to help organizations explore applications in areas such as optimization, chemistry, materials science, artificial intelligence, and cybersecurity.