Morgan Stanley Maintains Hold on IonQ, Sets $32 Price Target

IonQ received a Hold rating and $32.00 price target from Morgan Stanley analyst Joseph Moore. The company reported Q1 revenue of $7.57 million and a GAAP net loss of $32.25 million. Despite this, the overall analyst consensus rating is Moderate Buy with an average price target of $49.57, indicating a 22.43% upside from current levels.

IonQ, Inc. (IONQ) has released its second-quarter earnings, showcasing a revenue of $20.7 million, which exceeded its guidance by 15% [2]. The company reported a net loss of $177.5 million and an adjusted EBITDA loss of $36.5 million. Despite the losses, IonQ's cash and investments reached $200 million, reflecting its robust financial position.

The company's strategic acquisitions and leadership appointments have been highlighted, including the proposed acquisition of Oxford Ionics to enhance its quantum computing capabilities. This move aligns with IonQ's broader focus on advancing quantum computing and networking solutions.

Analysts have responded positively to IonQ's performance. While Morgan Stanley analyst Joseph Moore gave the company a Hold rating with a $32.00 price target, the overall analyst consensus remains optimistic. The consensus rating is a Moderate Buy with an average price target of $49.57, indicating a 22.43% upside from current levels [1].

IonQ's Q1 revenue was $7.57 million, with a GAAP net loss of $32.25 million. The company's ability to surpass revenue guidance in Q2 and maintain a strong cash position underscores its potential for growth in the quantum technology sector.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-centerbook-partners-lp-buys-new-stake-in-morgan-stanley-nysems-2025-08-08/
[2] https://www.theglobeandmail.com/investing/markets/stocks/IONQ/pressreleases/33987078/ionq-surpasses-revenue-guidance-and-expands-quantum-roadmap/