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| Raymond John wDirector | Sell | 2,407 | $89.6K | Thu, Sep 10 |
The quantum computing company could struggle if interest rates continue to rise.
Key TakeawaysIonQ fell 8% today with no news of its own, alongside D-Wave and Rigetti, as Intel’s and Amazon’s earnings deepened worries about AI spending.
IonQ's revenue growth, strong liquidity and Superion 256 roadmap position it ahead of D-Wave before Q3 earnings.
IonQ trades below key SMAs as earnings estimates weaken, but new Air Force funding and an analyst price target point to potential upside ahead of Q3 results.
Rigetti offers 137.5% upside versus IonQ's 99.6%, but IONQ's stronger revenues and commercial momentum raise questions about the better bet.
IonQ (IONQ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
IonQ's revenue is growing quickly, but the company is still a long way from profitability.
These pure plays are taking different approaches to quantum computing, and both already trade at rich valuations.
IonQ received a $7.5 million Phase 2 follow on contract from the Air Force Research Laboratory to upgrade its Rome, New York quantum network with new optical, hardware, and software layers for real world metropolitan and defense use cases.
In the most recent trading session, IonQ, Inc. (IONQ) closed at $32.43, indicating a -1.58% shift from the previous trading day.
The average brokerage recommendation (ABR) for IonQ (IONQ) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?