<div id="readability-page-1"><p><span>IonQ (NYSE:IONQ - Get Free Report)</span> had its price target upped by equities research analysts at Needham &amp; Company LLC  from $60.00 to $80.00 in a research note issued to investors on Monday, MarketBeat reports. The firm presently has a &#34;buy&#34; rating on the stock. Needham &amp; Company LLC's target price suggests a potential upside of 43.56% from the company's current price.</p><ul><li>What NVIDIA’s Big Bet on Rival Quantinuum Means for D-Wave Stock</li></ul><p>Several other research analysts have also recently commented on IONQ. B. Riley started coverage on IonQ in a research report on Wednesday, August 27th. They issued a &#34;buy&#34; rating and a $61.00 target price for the company. Cantor Fitzgerald started coverage on IonQ in a research report on Wednesday, July 2nd. They issued an &#34;overweight&#34; rating and a $45.00 target price for the company. Oppenheimer started coverage on IonQ in a research report on Wednesday, July 30th. They issued an &#34;outperform&#34; rating for the company. DA Davidson cut IonQ from a &#34;buy&#34; rating to a &#34;neutral&#34; rating and set a $35.00 target price for the company. in a research report on Thursday, August 7th. Finally, Rosenblatt Securities initiated coverage on IonQ in a research note on Tuesday, July 29th. They set a &#34;buy&#34; rating and a $70.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating and five have issued  a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $50.11.</p><p><b>Get Our Latest Stock Analysis on IonQ</b></p><h2>IonQ Price Performance</h2><ul><li>What to Watch for From D-Wave Now That Earnings Are Done</li></ul><p>Shares of IONQ stock opened at $55.72 on Monday. The stock has a market cap of $16.54 billion, a P/E ratio of -27.72 and a beta of 2.54. IonQ has a one year low of $7.40 and a one year high of $56.07. The stock has a fifty day moving average price of $42.33 and a 200 day moving average price of $35.13. </p><p>IonQ (NYSE:IONQ - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported ($0.70) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.57). The firm had revenue of $20.69 million during the quarter, compared to the consensus estimate of $17.23 million. IonQ had a negative return on equity of 67.11% and a negative net margin of 885.21%.The firm's revenue for the quarter was up 81.6% compared to the same quarter last year. During the same period last year, the business earned ($0.18) earnings per share.  Equities research analysts anticipate that  IonQ will post -0.86 EPS for the current year. </p><h2>Insider Buying and Selling</h2><ul><li>Post-Earnings, How Does D-Wave Stack Up Against Quantum Rivals?</li></ul><p>In other news, Director Kathryn K. Chou sold 6,789 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $43.14, for a total value of $292,877.46. Following the completion of the sale, the director directly owned 60,839 shares in the company, valued at approximately $2,624,594.46. This trade represents a 10.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul T. Dacier sold 4,175 shares of the firm's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $44.40, for a total value of $185,370.00. Following the completion of the sale, the insider owned 114,454 shares of the company's stock, valued at approximately $5,081,757.60. This trade represents a 3.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,750,325 shares of company stock valued at $109,397,784 in the last 90 days. 5.20% of the stock is owned by corporate insiders. </p><h2>Institutional Trading of IonQ</h2><p>A number of hedge funds and other institutional investors have recently modified their holdings of IONQ. BNP Paribas Financial Markets acquired a new stake in shares of  IonQ in the fourth quarter valued at approximately $1,545,000.  Cetera Investment Advisers increased its position in  IonQ by 120.0% in the fourth quarter. Cetera Investment Advisers now owns 34,033 shares of the company's stock worth $1,422,000 after purchasing an additional 18,566 shares during the period.  Gotham Asset Management LLC acquired a new stake in  IonQ in the fourth quarter worth about $474,000.  Janus Henderson Group PLC increased its position in  IonQ by 21.1% in the fourth quarter. Janus Henderson Group PLC now owns 85,941 shares of the company's stock worth $3,588,000 after purchasing an additional 15,000 shares during the period.  Finally, Lazard Asset Management LLC acquired a new stake in  IonQ in the fourth quarter worth about $303,000. Institutional investors and hedge funds own  41.42% of the company's stock. </p><h2>About IonQ</h2> (Get Free Report)<p>IonQ, Inc engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service.</p><h2>Read More</h2><ul><li>Five stocks we like better than IonQ</li><li>What is the NASDAQ Stock Exchange?</li><li>These 3 Stocks Are Shielded From the AI Takeover</li><li>Differences Between Momentum Investing and Long Term Investing </li><li>Wall Street Eyes +30% Upside in Synopsys After Huge Earnings Fall</li><li>Stock Analyst Ratings and Canadian Analyst Ratings</li><li>Best Bang For Your Buck? 2 Bargain Stocks with 30%+ Upside</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlPTlE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlPTlE"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in IonQ Right Now?</h2><p>Before you consider IonQ, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IonQ wasn't on the list.</p><p>While IonQ currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

IONQ

<p>Needham & Company LLC has raised its price target for IonQ (NYSE:IONQ) from $60.00 to $80.00, maintaining a "buy" rating. This suggests a potential upside of 43.56% from the current price. Other analysts have also issued ratings, with an average target price of $50.11. IonQ's stock opened at $55.72, with a market cap of $16.54 billion. The company reported a revenue increase of 81.6% year-over-year, despite a loss of ($0.70) EPS for the last quarter.</p>

Needham & Company LLC Forecasts Strong Price Appreciation for IonQ (NYSE:IONQ) Stock