Quantum computing stocks have seen big swings in recent weeks, with IonQ Inc.’s stock up about 50% year-to-date. Ahead of its third-quarter earnings release on November 5, analysts remain bullish, categorizing the stock as a Strong Buy. However, investors should be aware that IonQ’s forward EV/Sales ratio is significantly higher than the sector average, indicating high future growth expectations and increased downside risk if the company fails to deliver.
Analysts expect IonQ to report negative EPS of $0.44 for Q3 and revenue growth over 100% year-over-year. The company expects its full-year revenue to range between $82 million and $100 million, representing a strong growth range of roughly 80% to 130% compared to 2024.
Wall Street analysts, including Craig Ellis at B. Riley Securities, believe IonQ leads the sector in revenue growth, with a strong pipeline and advancing technology. Analyst David Williams has also reaffirmed his Buy rating on IONQ stock, citing steady execution, growing commercial traction, and leadership in gate-based quantum systems.
The consensus rating for IONQ stock is Strong Buy, based on six Buys and two Holds assigned in the last three months, with an average price target of $64.57 implying a 3.5% upside potential from the current level.
Source: https://www.tipranks.com/news/should-you-buy-ionq-stock-ahead-of-its-q3-earnings