Needham top analyst Quinn Bolton lifted his price target on IonQ (IONQ) stock by 33% to $80 after attending the company’s 2025 Analyst Day at the New York Stock Exchange. Bolton came away with stronger conviction in IonQ’s long-term prospects and reaffirmed his Buy rating, pointing to 44% upside potential from current levels
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Bolton is a five-star analyst on TipRanks, ranking #98 out of 10,026 analysts tracked. He boasts a 58% success rate and an average return per rating of 26.70%.
Here’s Why Bolton Is Bullish on IONQ Stock
Bolton said IonQ is emerging as one of the most likely leaders in quantum computing. He pointed to three factors, namely a clear technology plan, a strong leadership team, and a solid balance sheet. The company kept its goal of building a system with 2 million physical qubits and 80,000 logical qubits by 2030, which Bolton described as the most ambitious plan in the industry.
The 5-star analyst noted that IonQ is broadening its products, moving beyond hardware into quantum networking and QKD security. He also pointed to the management team, which he said has shown solid execution.
IonQ also announced it had secured approval from the UK Investment Security Unit for its purchase of Oxford Ionics. Bolton expects the deal to close soon, adding to the company’s technological strength. While IonQ did not give an updated financial outlook, Bolton said the updates from the event confirm the company’s strong position in the industry.
Is IonQ a Good Buy?
Turning to Wall Street, IONQ has a Strong Buy consensus rating based on six Buys and two Holds assigned in the last three months. At $51.14, the average IonQ stock price target implies 8.04% downside risk.
