TipRanks’ All-Star Analyst – Who Is the Best on IONQ Stock?

The TipRanks All-star Analyst of the Day title goes to analyst Richard Shannon of research firm Craig-Hallum. Remarkably, Shannon ranks #169 out of the 9,559 Wall Street analysts tracked by TipRanks. One of the key stocks in his coverage is IonQ stock (IONQ) for which he is the Best analyst over a one-year time frame.

IonQ is a quantum computing stock that focuses on quantum computers using trapped ions, and it makes its systems available through big cloud services like AWS and Google Cloud. For a thorough assessment of the stock, go to TipRanks’ Stock Analysis page.

Best Analyst on IONQ Stock over One Year   

When we look at Shannon’s recommendation for IONQ stock, he has had a 77% success rate on the stock for one year. Plus, he earned an average return of 84.31% in the said period.

On an overall basis, copying Shannon’s trades and holding them for a year would give you an average return of 23% with 47% of your trades generating a profit. 

Not Just IONQ

Shannon primarily focuses on covering the Technology sector in the U.S., Canadian and Australian markets. Importantly, his most profitable rating to date was a Buy on D-Wave Quantum Inc. (QBTS), a quantum computing company. The analyst earned a massive 800% return on the call between Aug 09, 2024, and today.

Following phenomenally successful analysts’ ratings can add profit to your portfolio. Find the best analyst to follow for any stock by scrolling down to the “Best Analyst Covering” feature on its Analyst Forecast page.

To follow the best Wall Street analysts, take a look at the list of Top Analysts on TipRanks. 

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