Wedbush has initiated coverage on IONQ Inc (IONQ) with an Outperform rating, marking its first assessment of the company since the IPO on November 13, 2020. This rating reflects the firm's analysis of IONQ's business model, industry dynamics, and growth potential in the rapidly evolving technology sector.
Currently priced at $50.28, IONQ operates in the quantum computing space, developing cutting-edge systems like IonQ Forte, which boasts 36 algorithmic qubits. The company provides access to its quantum computers through platforms such as Amazon Web Services' Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, alongside its proprietary cloud service. With a market capitalization of $16.6 billion, IONQ continues to expand its product portfolio, which includes quantum key distribution systems and quantum random number generators.
Upcoming earnings reports are anticipated on May 5, 2026, with an estimated EPS of $-0.28 and revenue of $36.4 million, and on August 4, 2026, with an estimated EPS of $-0.27 and revenue of $43.3 million. The company has shown a mixed earnings performance in recent quarters, with notable surprises such as a Q3 2025 EPS of $-0.17 compared to the estimate of $-0.34, representing a 49.3% positive surprise.
Analyst ratings and price targets serve as professional opinions based on extensive research and financial models. They provide insight into market sentiment but should be considered alongside other factors like company fundamentals and industry trends. As new information becomes available, these ratings may change, reflecting the dynamic nature of market assessments.