Rosenblatt Reaffirms Buy on IonQ, Inc. (IONQ) with $100 Price Target

IonQ, Inc. (NYSE:IONQ) is among the 10 Stocks ChatGPT Predicts Could Make You Wealthy in 3 Years. On June 11, Rosenblatt analyst John McPeake reaffirmed the firm’s Buy rating on the stock with a price target of $100, according to a report on TipRanks.

The company’s shares have surged 24% year-to-date, with Wall Street anticipating a further 17% upside as of the close on June 12. Based on the recommendations of 9 analysts, the stock is a Strong Buy.

Institutional investors’ interest in IonQ, Inc. (NYSE:IONQ) is seeing an upward trend. According to Insider Monkey’s database for Q1 2026, 39 hedge funds held a stake in the company, up from 28 in the previous quarter.

Last month, the company lifted its annual revenue forecast, amid robust demand for its quantum computing platform. It now expects the figure between $260 million and $270 million, up from the prior estimates of $225 ​million to $245 million.

First quarter revenue came in at $64.7 million, up 755% year-on-year and comfortably surpassing Wall Street’s forecast of $49.7 million. Net income came in at $805.4 million. GAAP EPS was $2.19. The substantial increase in net income was primarily driven by a $1.06 billion non-cash gain from the revaluation of warrant liabilities. On the other hand, adjusted EBITDA loss for the quarter was at $96.8 million, while adjusted EPS was ($0.34).

IonQ, Inc. (NYSE:IONQ) is a quantum platform company that provides solutions for quantum computing, networking, sensing, and security.

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