- IonQ Inc. partners with Intellian Technologies to enhance satellite communications through quantum technology.
- Wall Street analysts predict a potential upside of 73.27% for IonQ stock.
- GuruFocus estimates a significant upside of 183.68%, based on GF Value.
IonQ Inc. (IONQ, Financial) recently unveiled a strategic partnership with Intellian Technologies, aiming to transform satellite communications by leveraging the power of quantum technology. This groundbreaking collaboration focuses on boosting communication security with cutting-edge quantum networking capabilities. Although the announcement initially propelled share prices, IONQ stock experienced a decline, trading 1.70% lower at $24.97 on Wednesday.
Wall Street Analysts' Forecasts
According to price targets set by five analysts, IonQ Inc.'s (IONQ, Financial) shares are expected to reach an average of $44.60 within the next year, ranging from a high of $54.00 to a low of $29.00. These projections suggest an impressive potential upside of 73.27% from the current trading price of $25.74. For more detailed estimates, visit the IonQ Inc (IONQ) Forecast page.
Brokerage Recommendations
IonQ Inc.'s (IONQ, Financial) average brokerage recommendation presently stands at 2.2, aligning with an "Outperform" status. This rating system spans from 1 to 5, where 1 indicates a "Strong Buy," and 5 represents a "Sell."
GuruFocus GF Value Estimate
GuruFocus provides an estimated GF Value of $73.02 for IonQ Inc. (IONQ, Financial) in the upcoming year. This suggests a striking potential upside of 183.68% from the current price of $25.74. The GF Value is derived from historical trading multiples, past business growth, and future business performance estimates. For further data, explore the IonQ Inc (IONQ) Summary page.
