Bank of America initiated IonQ coverage with USD 60 target for IonQ stock

Published on 10/08/2026 at 12:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 80.05 million, up 287.00 percent year over year. IonQ stock traded at EUR 37.49 on October 8, 2026 versus EUR 36.95.

IONQ, US46222L1089, Illustration mit AI erstellt.

IonQ (ISIN US46222L1089) stock was trading at EUR 37.49 at Lang & Schwarz on October 8, 2026 at 12:02 p.m. CEST, while Bank of America had initiated coverage with a USD 60.00 target on September 28, 2026. The rating adds a fresh valuation reference to a company whose second-quarter revenue reached USD 80.05 million.

Bank of America sets USD 60 target

CNBC reported that Bank of America initiated coverage of IonQ with a Buy rating and a USD 60.00 price objective on September 28, 2026. The bank tied its view to IonQ's acquisitions, semiconductor-enabled scaling path and expansion across quantum computing, networking, security, sensing and space.

The same report set a demanding commercial test: Bank of America projected a 69.00 percent compound annual growth rate in sales from fiscal 2026 through fiscal 2030. It also identified delays in machine delivery or commercial adoption as risks to that forecast and the target.

Second-quarter revenue reached USD 80.05 million

Yahoo Finance reported that IonQ generated USD 80.05 million of revenue in the second quarter of 2026, up 287.00 percent from the year-earlier quarter. The company also reported USD 485.00 million in remaining performance obligations, compared with USD 122.00 million a year earlier.

That comparison shows why the target rests on operating expansion rather than only on a technology story. Yahoo Finance also reported adjusted EBITDA of minus USD 120.30 million and GAAP operating expenses of USD 417.30 million for the second quarter of 2026, highlighting the cost of building the platform and integrating acquisitions.

IonQ stock stays below its yearly high

IonQ's market capitalization was USD 15.4 billion on October 7, 2026. The primary-market 52-week range was USD 25.89 to USD 84.64, leaving the stock well below its yearly peak even as the latest quarter delivered a 287.00 percent year-over-year revenue increase.

At Lang & Schwarz, IonQ stock was trading at EUR 37.49 on October 8, 2026 at 12:02 p.m. CEST, up 1.46 percent versus the prior close of EUR 36.95 on October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of IonQ stock.