IonQ (NYSE:IONQ) Upgraded at Wall Street Zen - American Market News
π Wall Street Zen upgraded IonQ from a 'strong sell' to a 'sell' rating in a report issued on July 25, 2026.
π° Rosenblatt Securities restated a 'buy' rating with a $100.00 price target, while Morgan Stanley set a $48.50 objective.
π IonQ reported Q1 revenue of $64.67 million, beating analyst estimates of $49.75 million and growing 754.7% year-over-year.
πΈ The company posted an EPS of ($0.34), missing the consensus estimate of ($0.26) by $0.08.
π Director Gabrielle Toledano sold 2,757 shares for $151,662.57, reducing her position by 19.82%.
π Insider John W. Raymond sold 3,815 shares for $209,863.15, a 4.54% decrease in his holdings.
π¦ Vanguard Group raised its stake by 18.5% to own 34,774,743 shares valued at approximately $1.56 billion.
π Norges Bank purchased a new position worth $199.75 million in the fourth quarter.
π Marex Group increased its holdings by 419.1% to own 4,083,453 shares valued at $183.225 million.
π State Street Corp increased its holdings by 42.3% to own 8,962,789 shares worth $402.16 million.
π Clear Street Group raised its position by 219.6% to own 3,195,818 shares valued at $143.396 million.
π Corporate insiders sold a total of 13,102 shares valued at $701,489 in the last ninety days.
π― The average analyst price target for IonQ is currently set at $69.88 with a 'Moderate Buy' consensus.
π» IonQ provides access to quantum computing systems via cloud platforms including AWS Amazon Braket and Microsoft Azure Quantum.
βοΈ Analysts have rated the stock with ten Buys, six Holds, and one Sell as of the latest data.
- IonQ reported revenue of $64.67 million for the quarter, significantly beating analyst expectations of $49.75 million.
- The company achieved a net margin of 174.88% and posted a year-over-year revenue growth of 754.7%.
- Vanguard Group increased its stake by 18.5% to own over $1.56 billion in shares, signaling strong institutional confidence.
- Norges Bank established a new position worth nearly $200 million in the fourth quarter.
- Marex Group dramatically increased its holdings by 419.1%, now owning over $183 million in stock.
- State Street Corp raised its position by 42.3% to own approximately $402 million in shares.
- Clear Street Group boosted its stake by 219.6% to own over $143 million in company stock.
- Rosenblatt Securities issued a 'buy' rating with an ambitious $100.00 price target on IonQ shares.
- IonQ missed earnings per share estimates, reporting ($0.34) compared to the consensus expectation of ($0.26).
- The company has a negative return on equity of -23.20%, indicating it is not yet profitable on an equity basis.
- Wall Street Zen downgraded the stock from 'strong sell' to 'sell', reflecting ongoing analyst caution.
- Corporate insiders sold a total of 13,102 shares valued at $701,489 in the last ninety days.