B. Riley Maintains a 'Buy' Rating for IonQ, Predicts EPS for FY2028

Summary

B. Riley analysts forecast IonQ, Inc. (NYSE:IONQ) will report FY2028 EPS of ($1.13) and maintain a ‘Buy’ rating with a target price of $75.00. IonQ’s current consensus estimate is ($0.86) EPS, with a recent quarterly report showing ($0.70) EPS and revenue of $20.69 million.Market Beat

Impact Analysis

So basically, B. Riley is sticking to its ‘Buy’ rating for IonQ despite forecasting a FY2028 EPS of ($1.13), which is worse than the consensus of ($0.86) EPS. This suggests they see long-term potential that outweighs short-term earnings concerns. The interesting part isn’t the rating itself, but the confidence in IonQ’s growth trajectory, given the quantum computing sector’s rapid evolution. The market might be missing the strategic value IonQ’s acquisitions and product pipeline bring, which could justify the $75 target price despite current earnings challenges. However, insider selling raises questions about management’s confidence in near-term stock performance. I’d read this as a bet on IonQ’s future leadership in quantum computing, but watch for execution risks and market sentiment shifts as insiders continue to sell.Market Beat