IonQ (IONQ) has shown fast revenue growth, a strong set of partners, and clear progress in its hardware path. However, TipRanks’ AI Analyst points to the other side of the picture and has a Neutral position on the stock. Losses remain heavy, operating costs are rising fast, and cash flow is still negative. At the same time, the company has filed for several share resales, which can add more supply of stock to the market. With a market value of about $17.60 billion on trailing twelve-month revenue of about $52 million, the AI Analyst sees the valuation as already pricing in much of the growth story.
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Wall Street Stays Positive
In contrast, Wall Street analysts came away from IonQ’s recent Analyst Day with stronger conviction. The company outlined a bold target to reach 800 logical qubits by 2027 and 80,000 by 2030. IonQ also won approval to acquire Oxford Ionics while closing its Capella deal earlier this year. In addition, the company launched a new federal unit to serve the U.S. government. Analysts raised price targets following these updates. Firms such as Cantor Fitzgerald, Craig Hallum, B. Riley, and Needham kept Buy ratings, with targets ranging from $60 to $80. They see IonQ’s lead in trapped-ion systems and its early move into quantum networking and security as key drivers of long-term value.
Alongside the Buy ratings, Joseph Moore, a five-star analyst at Morgan Stanley, reiterated a Hold rating on IonQ with a $32 price target. Moore pointed to both strengths and challenges. He noted IonQ’s clear lead in qubit technology and the stronger roadmap from the Oxford Ionics acquisition. However, he also flagged the integration process and regulatory hurdles as risks. In his view, the current market value already reflects much of the long-term vision. This makes the stock reasonably priced for now, even as IonQ works toward its goal of scaling to millions of qubits.
The Gap in Outlook
The difference in views highlights that IonQ is still in its early stages. Some see the company on track to become a key player in the quantum computing space, similar to how Nvidia (NVDA) has shaped the GPU market. Others remain more cautious, focusing on high costs, integration risk, and the long gap to commercial scale. By 2027, investors will have a clearer picture of which view holds more weight. IonQ’s progress toward its 800 logical qubit target will help show whether it is set to lead the field or if the conservative stance was the more accurate call.
Is IONQ Stock a Buy?
On the Street, IonQ boasts a relatively positive outlook among analysts with a Moderate Buy consensus rating. The average IONQ stock price target stands at $57, implying a 2.53% downside from the current price.
