IonQ (NYSE:IONQ | IONQ Price Prediction) trades at $27.79 as of writing. Our 24/7 Wall St. price target is $42.66, implying upside of 53.51% over the next 12 months. The model’s implied recommendation is BUY, with a confidence level of 90%.
| Metric | Value |
|---|---|
| Current Price | $27.79 |
| 24/7 Wall St. Price Target | $42.66 |
| Upside Potential | 53.51% |
| Model Recommendation | BUY |
| Confidence Level | 90% |
The stock trades below both our model target and the consensus analyst price target of $75.17, reflecting a wide gap between current price and both our model target and analyst consensus for investors monitoring this early-stage quantum computing company.
A Sharp Pullback Creates the Opportunity
IonQ has been under sustained pressure in 2026. Shares are down 38.07% year-to-date, falling from $44.87 at year-end 2025. The one-month decline is 27.52%, with 13.05% in the most recent week alone. The stock sits roughly 67% below its 52-week high of $84.64, though it remains 19.84% above year-ago levels.
The selloff follows a strong earnings run. IonQ reported Q4 2025 revenue of $61.89 million, beating the $40.26 million consensus by 53.73% and growing 428.5% year-over-year. Full-year 2025 revenue reached $130.02 million, making IonQ the first public quantum computing company to exceed $100 million in annual GAAP revenue. Adjusted EPS for Q4 was ($0.20). Market concern centers on widening losses, not revenue momentum.
The Case for $81 and Beyond
IonQ guided for full-year 2026 revenue of $225 million to $245 million, with management expecting organic growth to exceed the nearly 80% achieved in 2025. The pending acquisition of SkyWater Technology, expected to close in Q2 or Q3 2026, would create what CEO Niccolo de Masi called “the best capitalized and largest quantum merchant supplier in the world.”
Analyst consensus sits at $75.17, with 10 buy ratings and zero sell ratings among covering analysts. The bull scenario points to $81.46 by April 2027. IonQ’s $1.03 billion in cash and pro-forma liquidity of approximately $3.5 billion provide a long runway without near-term dilution pressure.
What Could Go Wrong
The bear case centers on cash burn. IonQ’s 2026 Adjusted EBITDA loss guidance of ($310) million to ($330) million represents a widening from the ($186.75) million posted in FY2025. Operating cash flow was ($283.19) million in FY2025, with no clear near-term path to profitability. The bear scenario prices the stock at $34.94 one year out.
Revenue growth of 201.85% in FY2025, with more than 60% from commercial customers, shows genuine demand building beyond government contract dependency. The GAAP earnings picture is further distorted by non-cash warrant liability swings, including a $949.6 million non-cash gain in Q4 2025 alone.
Risk and Reward at Current Levels
Our price target of $42.66 supports a buy at current levels. IonQ is burning cash aggressively, but revenue is growing faster than almost any public technology company, the company holds over $1 billion in cash, and is backed by 10 analyst buy ratings with zero sells. The composite sentiment score of 56.85 is neutral.
The SkyWater acquisition closing cleanly and Q1 2026 revenue landing within the guided range of $48 million to $51 million are the key near-term catalysts to watch. At 53.51% implied upside to our target, the gap between current price and model target remains the key figure to watch.
IonQ Price Predictions: 2026 to 2030
| Year | 24/7 Wall St. Price Target |
|---|---|
| 2026 | $42.66 |
| 2027 | $55.00 |
| 2028 | $67.00 |
| 2029 | $78.00 |
| 2030 | $90.04 |
These projections assume IonQ continues executing on its revenue growth roadmap while narrowing operating losses as scale increases. Significant upside beyond these figures is possible if the SkyWater integration succeeds and quantum computing achieves broader commercial adoption ahead of schedule. The five-year bull scenario reaches $373.49, reflecting the asymmetric upside that defines this as a high-risk, high-reward holding.
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