- IonQ (IONQ, Financial) stock surged 26% last week, fueled by key strategic collaborations.
- Wall Street analysts forecast a significant upside potential of 70.95%.
- GuruFocus estimates indicate a potential stock value increase of up to 179.88% in the coming year.
IonQ (IONQ) experienced a remarkable 26% increase in its stock price last week. This substantial leap was largely driven by the company's selection for the DARPA Quantum Benchmarking Initiative and a promising new collaboration with Ansys. Moreover, the introduction of the IonQ Forte Enterprise is set to broaden its capabilities within crucial sectors such as life sciences and financial services, providing a robust foundation for future growth.
Wall Street Analysts Forecast
According to projections from five analysts over the next year, IonQ Inc (IONQ, Financial) is poised for an average target price of $44.60. The forecasts range from a high of $54.00 to a low of $29.00. Given the current price of $26.09, this average target implies a notable upside of 70.95%. For more detailed forecast data, please visit the IonQ Inc (IONQ) Forecast page.
The consensus recommendation from five brokerage firms positions IonQ Inc (IONQ, Financial) with an average brokerage recommendation of 2.2, indicating an "Outperform" status. This rating is based on a scale where 1 denotes a Strong Buy and 5 signifies a Sell.
GuruFocus estimates a one-year GF Value for IonQ Inc (IONQ, Financial) at $73.02. This suggests a substantial potential upside of 179.88% compared to the current price of $26.09. The GF Value represents GuruFocus' estimation of the fair stock value, derived from historical trading multiples, past business growth, and future performance predictions. Additional data can be accessed on the IonQ Inc (IONQ) Summary page.
