IonQ (IONQ) just held its 2025 Analyst Day at the New York Stock Exchange, in which the quantum computing company disclosed plans to lead the commercial quantum innovation. Following this, several analysts raised their price targets, showing renewed confidence in the company’s future.
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IONQ stock was up 6.3% in Monday’s regular trading session.
In key announcements, IonQ outlined an ambitious goal to develop a quantum system with 2 million physical qubits and 80,000 logical qubits by 2030. Also, the company said it received final regulatory approval to acquire Oxford Ionics for over $1 billion. Finally, IONQ established a new division, IonQ Federal, to cater to the U.S. government and its allies.
Analysts Boost IonQ Stock Targets
Craig-Hallum’s Richard Shannon called the event a “coming-out party” for IonQ, especially since the UK had just approved its acquisition of Oxford Ionics. That news helped boost IonQ’s stock price. Shannon raised his price target from $50 to $65, maintaining a Buy rating.
The analyst says if IonQ can actually deliver on its plan, it will have a big advantage in getting to market first. Also, Shannon believes IonQ’s quantum networking and communications technology is very strong, and he believes the company will commercialize this business earlier than compute and face less competition.
Cantor Fitzgerald’s Troy Jensen echoed the optimism, lifting his price target from $45 to $60 and reaffirming a Buy rating. Jensen was impressed by IonQ’s strategy to build the world’s most powerful quantum computer, along with its vision for post-quantum cryptography and a space-based quantum internet.
Jensen said, “IonQ is in the early stages of commercializing its technology,” but the analyst sees the roadmap as compelling.
B. Riley Sees Even More Upside
B. Riley analyst Craig Ellis went even further, boosting his price target to $75 from $61 and maintaining a Buy rating. The firm believes IonQ is “far better positioned” than the current stock price suggests, citing its technology leadership and significant commercial potential.
Is IonQ a Good Buy?
Turning to Wall Street, IONQ has a Moderate Buy consensus rating based on six Buys and three Holds assigned in the last three months. At $57, the average IonQ stock price target implies 3.57% downside risk.
