IonQ (NYSE:IONQ) Stock Price Target Cut by Cantor Fitzgerald

IonQ (NYSE:IONQ) had its price target dropped by research analysts at Cantor Fitzgerald from $70.00 to $60.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald‘s target price would indicate a potential upside of 86.78% from the stock’s current price.

A number of other research firms also recently issued reports on IONQ. Jefferies Financial Group reiterated a “buy” rating and set a $80.00 price objective on shares of IonQ in a report on Wednesday, September 9th. Bank of America started coverage on IonQ in a research note on Monday, September 28th. They issued a “buy” rating and a $60.00 target price on the stock. B. Riley Financial reduced their price target on IonQ from $100.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, November 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $100.00 price target on shares of IonQ in a research note on Tuesday, October 13th. Finally, Wall Street Zen cut shares of IonQ from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $60.23.

IonQ Trading Up 21.5%

IONQ opened at $32.12 on Friday. The stock has a market capitalization of $13.79 billion, a P/E ratio of 118.98 and a beta of 3.32. IonQ has a 12 month low of $24.92 and a 12 month high of $73.65. The firm’s fifty day simple moving average is $36.91 and its 200 day simple moving average is $41.58.

IonQ (NYSE:IONQ) last released its 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. The firm had revenue of $173.83 million during the quarter, compared to analysts’ expectations of $141.49 million. IonQ had a return on equity of 0.19% and a net margin of 67.09%. The company’s revenue was up 336.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($3.58) EPS. On average, equities research analysts predict that IonQ will post -2.96 EPS for the current fiscal year.

Insider Transactions at IonQ

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 transaction of $89,564.47. Following the completion of the transaction, the insider directly owned 77,741 shares of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of IonQ in the 2nd quarter valued at approximately $1,112,945,000. Bank of America Corp DE acquired a new stake in shares of IonQ during the 2nd quarter worth approximately $344,757,000. Bank of New York Mellon Corp acquired a new stake in shares of IonQ during the 2nd quarter worth approximately $113,863,000. Legal & General Group Plc acquired a new stake in shares of IonQ during the 2nd quarter worth approximately $82,126,000. Finally, Deutsche Bank AG bought a new position in IonQ in the second quarter valued at approximately $27,836,000. Institutional investors and hedge funds own 41.42% of the company’s stock.

Trending Headlines about 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 develops quantum computers and related technologies using trapped-ion qubits, which store information in individual charged atoms. The company designs quantum computing hardware and software for applications that may benefit from quantum processing, including optimization, chemistry, and machine learning.

IonQ makes its quantum systems available to businesses, government agencies, and researchers through its cloud service and third-party platforms, including Amazon Braket and Microsoft Azure Quantum.