Cantor Fitzgerald Raises PT on IonQ (IONQ) Stock

IonQ, Inc. (NYSE:IONQ) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 7, Cantor Fitzgerald lifted the price target on the company’s stock to $70 from $60 while keeping an “Overweight” rating after the Q3 2025 earnings report, as reported by The Fly. As per the firm, IonQ, Inc. (NYSE:IONQ) is in the very early innings of commercializing its technology.

Cantor Fitzgerald Raises PT on IonQ (IONQ) Stock

Furthermore, the company remains well-placed to capture 30% of the quantum hardware, software, and services market by 2035, added the firm. This equates to $954 million in present value terms.

In Q3 2025, IonQ, Inc. (NYSE:IONQ)’s revenue rose by $27.5 million, or 222% YoY, to $39.9 million, with the increase mainly aided by progress on arrangements to build specialized quantum computing hardware and higher revenue stemming from acquisitions.

Its loss from operations rose from $53.1 million in Q3 2024 to $168.8 million in Q3 2025, amidst increased cost of revenue (excluding depreciation and amortization), general and administrative expenses, R&D costs, etc.

As of September 30, 2025, ~$141.1 million of revenue is anticipated to be recognized from remaining performance obligations, which are unsatisfied (or partially unsatisfied), including both funded and unfunded orders. For FY 2025, IonQ, Inc. (NYSE:IONQ) raised its revenue expectations to $106 million – $110 million.

While we acknowledge the potential of IONQ to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than IONQ and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.