IonQ (NYSE:IONQ) Price Target Cut to $60.00 by Analysts at Cantor Fitzgerald

IonQ (NYSE:IONQ) had its target price decreased by Cantor Fitzgerald from $70.00 to $60.00 in a research report released on Friday morning,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the stock.

Several other brokerages have also commented on IONQ. Bank of America began coverage on shares of IonQ in a research report on Monday, September 28th. They issued a “buy” rating and a $60.00 price objective for the company. Wall Street Zen cut shares of IonQ from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded shares of IonQ from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Friday, August 21st. Mizuho cut their price target on shares of IonQ from $61.00 to $52.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $80.00 price target on shares of IonQ in a report on Wednesday, September 9th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.23.

IonQ Stock Performance

IONQ stock traded up $5.69 on Friday, hitting $32.12. 42,656,594 shares of the company’s stock were exchanged, compared to its average volume of 22,644,404. The firm has a 50 day moving average price of $36.91 and a two-hundred day moving average price of $41.58. IonQ has a 12-month low of $24.92 and a 12-month high of $73.65. The stock has a market cap of $13.79 billion, a P/E ratio of 118.98 and a beta of 3.32.

IonQ (NYSE:IONQ) last released its quarterly earnings results on Thursday, November 5th. The company reported ($0.29) EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $141.49 million. During the same period last year, the business posted ($3.58) earnings per share. The firm’s revenue was up 336.0% compared to the same quarter last year. Sell-side analysts expect that IonQ will post -2.96 earnings per share for the current fiscal year.

Insider Activity

In related news, insider John Raymond sold 2,407 shares of the business’s stock in a transaction on 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 in the company, valued at $2,892,742.61. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On IonQ

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of IonQ in the 2nd quarter valued at about $1,112,945,000. Bank of America Corp DE purchased a new position in IonQ during the second quarter valued at approximately $344,757,000. Bank of New York Mellon Corp purchased a new position in IonQ during the second quarter valued at approximately $113,863,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in IonQ by 45.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,632,290 shares of the company’s stock valued at $86,936,000 after acquiring an additional 506,191 shares during the period. Finally, Legal & General Group Plc acquired a new position in IonQ in the second quarter valued at approximately $82,126,000. 41.42% of the stock is owned by institutional investors and hedge funds.

Key Headlines 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.