IonQ, Inc. (NYSE:IONQ) shares rose 12.4% on Thursday, reaching a high of $55.32. The stock has seen increased activity, with approximately 33 million shares traded during the day, a 35% increase from its average daily volume.
Analysts have been upgrading their ratings on IonQ, with several firms lifting their price targets and giving the company a “buy” rating. DA Davidson raised its target to $55.00, while Rosenblatt Securities boosted its target to $100.00. Needham & Company LLC also set a new price target of $80.00.
The company’s Q2 earnings results showed revenue of $39.87 million, exceeding the consensus estimate of $26.99 million. However, the EPS missed expectations by $3.14. Despite this, analysts remain optimistic about IonQ’s potential, with an average rating of “Hold” and a price target of $66.00.
Insiders have also made significant sales, with Robert T. Cardillo selling 8,773 shares worth $443,211.96. However, institutional investors continue to show interest in the company, with 41.42% of outstanding shares currently held by institutions.
IonQ is developing general-purpose quantum computing systems and offers access to its quantum computers through cloud platforms such as AWS and Microsoft’s Azure Quantum.
Source: https://www.marketbeat.com/instant-alerts/ionq-nyseionq-shares-up-124-time-to-buy-2025-12-04