Rosenblatt cuts target to USD 70.00: IonQ stock gains 1.62 percent

Published on 10/24/2026 at 20:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 286.80 percent to USD 80.05 million. IonQ stock costs EUR 27.90 on October 24, 2026, up 1.62 percent versus Tradegate close.

Analyst target and reporting date

Rosenblatt cut its IonQ target from USD 100.00 to USD 70.00 on October 15, 2026.
IonQ reported Q2 2026 revenue of USD 80.05 million, up 286.80 percent year over year.
IonQ stock costs EUR 27.90 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, 1.62 percent above the Tradegate close.
IonQ will report third-quarter 2026 results on November 5, 2026, after market close.

IONQ, US46222L1089, Illustration mit AI erstellt.

IonQ (ISIN US46222L1089) stock gains 1.62 percent against the Tradegate close as Rosenblatt Securities cut its price target from USD 100.00 to USD 70.00 while maintaining a Buy rating on October 15, 2026, according to Benzinga. IonQ was trading at EUR 27.90 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, 1.62 percent above the Tradegate close of October 22, 2026 at EUR 27.46.

What does the target cut change?

Rosenblatt's revised USD 70.00 target remains materially above IonQ's USD 31.27 last price on the NYSE on October 23, 2026 at 4:00 p.m. ET. The target change matters because it lowers the firm's stated valuation by USD 30.00 while preserving its Buy rating, according to Benzinga.

Revenue growth meets heavy losses

IonQ reported USD 80.05 million of revenue in the second quarter of 2026, up 286.80 percent from USD 20.69 million a year earlier. Adjusted earnings per share came in at minus USD 0.33 versus a consensus loss of USD 0.60, while full-year 2026 revenue guidance stood at USD 280.00 million to USD 290.00 million, according to Yahoo Finance. The same report said remaining performance obligations increased 297.00 percent year over year to USD 485.00 million.

Price remains below the yearly high

The NYSE price of USD 31.27 on October 23, 2026 stood below IonQ's 52-week high of USD 73.65 and above its low of USD 25.89. IonQ's market capitalization was USD 12.7 billion on October 24, 2026. The euro quotation therefore sits in a different currency from the US trading reference and is not combined with those levels.

November 5 is the next date

IonQ will release third-quarter 2026 results for the period ended September 30, 2026, after the US market close on November 5, 2026. The company also scheduled its earnings call for 4:30 p.m. ET that day, according to the company announcement carried by Business Wire. That report will put the USD 280.00 million to USD 290.00 million full-year outlook against the next quarterly performance.

IonQ stock facts

IonQ combines quantum computing, networking, sensing and security products. Its investor-relations page cites 99.99 percent two-qubit gate fidelity, more than 1,200 patents granted and pending, and more than 350 customers worldwide.

IonQ stock was trading at EUR 27.90 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, 1.62 percent above the Tradegate close of October 22, 2026 at EUR 27.46. The further course of trading is shown by the continuously updated real-time quote of IonQ stock.