B. Riley Financial’s five-star analyst Craig Ellis initiated coverage on IonQ Inc. (IONQ) with a Buy rating and a $61 price target. The call implies a potential 44% upside from the current price near $42. The analyst noted that IonQ is the sector’s revenue growth leader and is on track for a third straight year of 100% year-over-year gains.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Growth and Product Pipeline
IonQ develops trapped-ion quantum systems and is moving forward with its fifth-generation product, planned for launch in the second half of 2025. Ellis noted that the company’s pipeline is expanding, with four deals completed since December 2024 and one more pending. The firm’s $1.6 billion pro forma cash balance, equal to about 12% of market capitalization, provides solid funding for the path to profitability later this decade.
B. Riley estimates that IonQ’s total addressable market may reach $10 billion to $15 billion over five years and as much as $28 billion to $86 billion over ten years. The company is also building out compute, networking, and space capabilities, while attracting senior talent from top firms. Ellis also added that IonQ’s leadership in growth, strong balance sheet, and expanding market potential support the Buy call and set the company apart in the quantum computing sector.
Momentum in Shares
IonQ reported second-quarter 2025 revenue above expectations and raised its full-year outlook to $82 to $100 million, up from prior guidance of $75 to $95 million. Needham reiterated a Buy rating with a $60 target after the results. After gaining 237% in 2024, the stock is up a modest 1.5% year-to-date. However, shares have climbed about 11% over the past five sessions, showing a return of positive momentum.
Is IONQ Stock a Buy?
On the Street, IonQ boasts a Strong Buy consensus rating, with an average IONQ stock price target of $51. This implies a 19.61% upside from the current price.
