IonQ’s (IONQ) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of IonQ (NYSE:IONQ) in a report issued on Tuesday,Benzinga reports. Needham & Company LLC currently has a $80.00 price objective on the stock.

Several other equities research analysts also recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 target price on shares of IonQ in a research note on Tuesday. Cantor Fitzgerald upped their price objective on shares of IonQ from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Wedbush initiated coverage on IonQ in a research note on Wednesday, December 17th. They set an “outperform” rating and a $60.00 price objective on the stock. DA Davidson boosted their target price on IonQ from $35.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. began coverage on IonQ in a report on Thursday, November 20th. They issued a “neutral” rating and a $47.00 price target for the company. Nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, IonQ presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.91.

IonQ Trading Up 5.0%

NYSE IONQ opened at $45.54 on Tuesday. IonQ has a 12 month low of $17.88 and a 12 month high of $84.64. The stock has a 50-day simple moving average of $48.58 and a 200 day simple moving average of $51.48. The company has a market capitalization of $15.82 billion, a PE ratio of -8.51 and a beta of 2.63.

IonQ (NYSE:IONQ) last posted its earnings results on Wednesday, November 5th. The company reported ($3.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($3.14). The company had revenue of $39.87 million for the quarter, compared to analyst estimates of $26.99 million. IonQ had a negative return on equity of 127.06% and a negative net margin of 1,836.32%.IonQ’s quarterly revenue was up 221.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. As a group, sell-side analysts predict that IonQ will post -0.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director William J. Teuber, Jr. purchased 2,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were purchased at an average price of $54.81 per share, with a total value of $109,620.00. Following the purchase, the director directly owned 6,413 shares of the company’s stock, valued at $351,496.53. This trade represents a 45.32% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kathryn K. Chou sold 20,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $51.40, for a total value of $1,028,000.00. Following the completion of the sale, the director owned 60,839 shares in the company, valued at approximately $3,127,124.60. This trade represents a 24.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 125,000 shares of company stock worth $5,992,000. Corporate insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On IonQ

Hedge funds have recently made changes to their positions in the business. Amazon Com Inc. acquired a new position in IonQ in the second quarter valued at about $36,705,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in IonQ during the third quarter worth about $806,000. Y Intercept Hong Kong Ltd bought a new position in IonQ in the 2nd quarter valued at about $6,104,000. Norges Bank acquired a new position in shares of IonQ in the 2nd quarter valued at approximately $114,767,000. Finally, Union Bancaire Privee UBP SA lifted its holdings in shares of IonQ by 8,150.0% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 82,500 shares of the company’s stock worth $3,545,000 after acquiring an additional 81,500 shares during the period. 41.42% of the stock is owned by institutional investors.

Key IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ agreed to acquire SkyWater Technology for about $1.8B to bring semiconductor manufacturing in-house, a strategic move to accelerate next‑gen quantum processor development and vertical integration that could improve margins and control over supply chain. Read More.
• Positive Sentiment: Analyst reaffirmations and bullish price targets: Rosenblatt reissued a “buy” with a $100 target and Needham kept a “buy” with an $80 target — both imply substantial upside and help validate the strategic rationale behind the SkyWater deal. Read More. Read More.
• Positive Sentiment: Market reaction and coverage: several outlets reported a post‑deal share pop and framed the SkyWater buy as transformative (foundry ownership compared to “the Nvidia of quantum”), supporting momentum in the shares. Read More.
• Neutral Sentiment: Analyst commentary and industry context pieces review IonQ’s 2026 thesis (scaling hardware, full‑stack platform) and compare peers — useful for judging long‑term competitive positioning but not an immediate catalyst. Read More.
• Neutral Sentiment: Supplemental investor materials (M&A call transcript/slideshow) were published, offering more detail on deal terms and integration plans — important for due diligence but not new news. Read More.
• Negative Sentiment: A law firm announced an investigation into the SkyWater sale, questioning whether SkyWater’s board got fair value — this could lead to litigation or delays that increase deal costs or uncertainty. Read More.

IonQ Company Profile

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.