JPMorgan Chase & Co. Has Lowered Expectations for IonQ (NYSE:IONQ) Stock Price

IonQ (NYSE:IONQ) had its price objective reduced by JPMorgan Chase & Co. from $47.00 to $42.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 9.67% from the company’s current price.

A number of other analysts have also issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of IonQ in a research report on Thursday, January 22nd. Mizuho started coverage on IonQ in a report on Thursday, December 11th. They set an “outperform” rating and a $90.00 price objective on the stock. Needham & Company LLC cut their target price on IonQ from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday. Rosenblatt Securities reissued a “buy” rating and set a $100.00 price target on shares of IonQ in a research report on Thursday. Finally, Jefferies Financial Group assumed coverage on shares of IonQ in a report on Tuesday, December 16th. They issued a “buy” rating and a $100.00 price target on the stock. Nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.45.

IonQ Trading Down 6.3%

IONQ opened at $38.30 on Thursday. IonQ has a twelve month low of $17.88 and a twelve month high of $84.64. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of -15.38 and a beta of 2.63. The company has a fifty day simple moving average of $42.58 and a 200 day simple moving average of $50.28.

Insiders Place Their Bets

In other IonQ news, Director William J. Teuber, Jr. purchased 3,000 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was acquired at an average cost of $38.38 per share, with a total value of $115,140.00. Following the acquisition, the director owned 9,413 shares of the company’s stock, valued at approximately $361,270.94. This represents a 46.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kathryn K. Chou sold 5,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the director directly owned 60,839 shares of the company’s stock, valued at approximately $3,346,145. This represents a 7.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 30,781 shares of company stock valued at $1,525,804. Company insiders own 5.20% of the company’s stock.

Institutional Trading of IonQ

Institutional investors and hedge funds have recently made changes to their positions in the stock. Archer Investment Corp grew its stake in IonQ by 119.3% during the 2nd quarter. Archer Investment Corp now owns 592 shares of the company’s stock worth $25,000 after buying an additional 322 shares during the last quarter. Stone House Investment Management LLC lifted its stake in IonQ by 700.0% in the third quarter. Stone House Investment Management LLC now owns 400 shares of the company’s stock valued at $25,000 after buying an additional 350 shares during the last quarter. Ameriflex Group Inc. boosted its holdings in shares of IonQ by 485.7% during the third quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock valued at $25,000 after acquiring an additional 340 shares during the period. Hilltop National Bank grew its position in shares of IonQ by 112.5% during the third quarter. Hilltop National Bank now owns 425 shares of the company’s stock worth $26,000 after acquiring an additional 225 shares during the last quarter. Finally, Accent Capital Management LLC increased its holdings in shares of IonQ by 171.8% in the 4th quarter. Accent Capital Management LLC now owns 587 shares of the company’s stock worth $26,000 after acquiring an additional 371 shares during the period. 41.42% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting IonQ

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: Q4 beat and raised FY26 guidance — IonQ reported Q4 revenue of $61.9M (≈429% YoY) and raised 2026 revenue guidance to $225–245M, a major growth surprise that sparked the prior session’s rally. IonQ Just Delivered the Quarter That Changes the Quantum Narrative
• Positive Sentiment: Large cash cushion and strategic M&A — IonQ’s pro‑forma cash/investments (~$3.3B) plus acquisitions (Vector Atomic, SkyWater) reduce dilution risk and support aggressive growth/defense contracting. IonQ Just Delivered the Quarter That Changes the Quantum Narrative
• Positive Sentiment: Commercial & defense traction — New deployments (large QKD network in Romania) and inclusion on the MDA SHIELD IDIQ validate demand outside pilots and improve revenue visibility. IonQ Delivers One of the Largest Operational Quantum Key Distribution Networks in Europe
• Neutral Sentiment: Sector/peer context — Comparative analyst pieces (QUBT, RGTI, D‑Wave) provide context on upside vs. rivals but don’t change IonQ’s company‑specific drivers. QUBT vs. IONQ: Which Quantum Computing Stock Offers Greater Upside?
• Neutral Sentiment: Earnings call/transcript available — Read management’s comments for color on cadence and margin targets; useful for modeling but not an immediate catalyst. IonQ Q4 2025 Earnings Call Transcript
• Negative Sentiment: Analyst trims and mixed broker notes — Several firms cut targets or moved to neutral after Q4 (DA Davidson, JPMorgan), which can cap near‑term upside and feeds headline selling. These Analysts Slash Their Forecasts On IonQ After Q4 Results
• Negative Sentiment: Margins and cash burn remain a concern — Gross margin contracted and management projects a large adjusted loss for 2026, keeping valuation dependent on sustained execution. IonQ Stock Up on Q4 Earnings & Revenue Beat, Gross Margin Down
• Negative Sentiment: Post‑rally profit‑taking, analyst caution and an insider sale are pressuring the stock today after the big move — high volume and volatile positioning amplified the pullback. SEC Insider Filing

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.