Wedbush Spotlights IonQ’s (IONQ) Scaling Revenue and Robust Pipeline in Quantum Leadership Pivot

IonQ Inc. (NYSE:IONQ) is one of the best emerging technology stocks to invest in. On December 17, Wedbush initiated coverage of IonQ with an Outperform rating and $60 price target. Building on over 25 years of academic research, IonQ has established a distinct and powerful position in the quantum sector through its specialized trapped-ion architecture. While the tech is still in its early stages with a client base limited to select industrial and academic partners, Wedbush highlighted that IonQ has cultivated a formidable sales pipeline. This is reflected in the company’s financial scaling, with revenue ~doubling between 2023 and 2024 and projected to more than double again in 2025 to exceed $100 million.

On the same day, IonQ announced a major expansion of its long-term partnership with QuantumBasel, which is the quantum initiative located at Switzerland’s uptownBasel innovation campus. The new agreement extends IonQ’s on-site presence in Switzerland for an additional 4 years, ensuring a physical footprint through 2029. The deal elevates the total partnership value to over $60 million and solidifies QuantumBasel’s status as IonQ’s primary Innovation Center in Europe.

Under the terms of the expanded contract, QuantumBasel has secured ownership of its current IonQ Forte Enterprise system and has placed a definitive order for a next-generation IonQ Tempo system. As part of IonQ’s roadmap toward fault-tolerant computing, the Tempo system is designed to support deeper quantum circuits and higher-fidelity operations. This collaboration is expected to eventually span 4 generations of IonQ hardware, providing European enterprises, startups, and research institutions with direct, on-site access to enterprise-grade quantum processors.

IonQ Inc. (NYSE:IONQ) develops quantum computers and networks in the US. It sells access to quantum computers of various qubit capacities.

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