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IonQ (IONQ) Hires JPMorgan Quantum Lead, Receives Buy Rating from Rosenblatt

IonQ (IONQ) Hires JPMorgan Quantum Lead, Receives Buy Rating from Rosenblatt

IonQ (IONQ) has named Dr. Marco Pistoia as Senior Vice President of Industry Relations, adding one of the quantum field’s most experienced leaders to its team. The move comes as Wall Street signals growing confidence in the company’s commercial potential.

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Dr. Pistoia joins from JPMorgan Chase (JPM), where he built and led the bank’s quantum research program. His work there included quantum algorithms for fraud detection and optimization, as well as blockchain applications secured through quantum key distribution. Before that, he spent over two decades at IBM (IBM), where he led quantum algorithm research and held the title of Master Inventor.

IonQ said Dr. Pistoia will guide its strategic partnerships and help expand use cases across finance, cryptography, and post-quantum communications. He holds 647 patents, including more than 100 related to quantum and AI, and has published over 200 scientific papers. As the company shifts its focus to real-world deployment, including networking, advanced hardware development, and early enterprise use, it expects these systems to support applied computing across industries.

Rosenblatt Securities Projects $1 Billion in Annual Revenue

It seems like Rosenblatt Securities has taken note. Analyst Kevin Garrigan has initiated coverage of IonQ in the most bullish of ways, with a Buy rating and a $70 price target. That implies an over 70% upside.

Garrigan views IonQ as one of the most attractive quantum computing investments in the market. He expects the company to surpass $100 million in revenue by the end of this year, with the potential to double that in 2026. He projects long-term annual revenue of $1 billion, based on growing demand for high-performance and secure computing.

The analyst based his $70 price target on a 36.6x enterprise value to sales multiple applied to the expected 2030 revenue, discounted back to the present. He cited progress on IonQ’s roadmap, system sales, and ecosystem development as key drivers.

IonQ continues to expand its footprint across commercial quantum platforms. With Dr. Pistoia now leading industry relations and Rosenblatt adding its voice to a growing bullish consensus, the company is positioning itself at the intersection of advanced hardware, applied research, and enterprise adoption.

Is IONQ Stock a Good Buy?

Among the Street’s analysts, IonQ boasts a Strong Buy consensus rating. The average IONQ stock price target is $47.50, implying a 17.20% upside from the current price.

See more IONQ analyst ratings

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