October 14, 2026
Analyst Bio:
The stock closed at $82.09 on Oct. 13, 2025. It slid with the tech sell-off early this year to $26.59 on March 30, then bounced to $53.26 by June 30.
Since then, the bear case is cash and shares. On July 31, IonQ closed its $1.8 billion SkyWater acquisition, using up about $1 billion of its cash. On Aug. 5, it reported second-quarter revenue up 287% to $80.1 million. But the operating loss more than doubled to $337.2 million, and the average share count rose to 367.7 million from 251.0 million a year earlier.
Rosenblatt is still at $100
Rosenblatt’s John McPeake, whose $100 matches the Street’s highest target, expects Elisity to add less than 10% of IonQ’s projected 2027 revenue. His focus stays on the Superion 256 system IonQ plans to launch next year.
