Rosenblatt Initiates IonQ Stock with Buy Rating, Sees Quantum Computing Growth
College Park, MD – July 29, 2025 – Rosenblatt Securities has initiated coverage on IonQ, Inc. (NYSE: IONQ), a leader in quantum computing, with a Buy rating and a $70.00 price target, signaling strong confidence in the company’s growth potential. IonQ’s stock, currently trading at $42.34, has surged 436% over the past year, reflecting robust investor enthusiasm for quantum computing’s transformative potential. Rosenblatt views IonQ as a top investment opportunity in a market poised to redefine computing, projecting annualized revenues exceeding $100 million by the end of 2025 and nearly doubling in 2026, with a long-term goal of $1 billion in the coming years.
Analyst Kevin Garrigan highlighted IonQ’s leadership in the quantum computing race, driven by its trapped-ion technology, which offers superior reliability, accuracy, and scalability compared to competitors like IBM and Google. Key growth drivers include IonQ’s successful execution of its product roadmap, development of a quantum ecosystem for networking, and expanding partnerships and system sales. Recent strategic moves, such as the acquisition of Capella Space Corporation to create a space-based quantum key distribution network and a collaboration with Australia’s Emergence Quantum to advance ion trap technology, underscore IonQ’s innovative edge.
The firm’s $70 price target is based on a 36.6x enterprise value-to-sales multiple on projected 2030 revenue, discounted to present value. Despite a $12 billion market cap and current unprofitability—Q2 2024 reported a $37.6 million loss—IonQ’s strong balance sheet, with $588.3 million in cash and no debt, supports its ambitious growth plans. The company’s systems are accessible via major cloud platforms like Amazon Braket, Microsoft Azure, and Google Cloud, enhancing its commercial reach.
Rosenblatt also initiated coverage on D-Wave Quantum Inc. (NYSE: QBTS) with a Buy rating and a $30.00 price target, but named IonQ the “early leader” in scalable quantum advantage due to its technological and strategic advancements. Posts on X reflect similar optimism, with users like @TipRanks and @IngJuanPa7 noting IonQ’s potential to lead the quantum computing era. However, the sector’s volatility and speculative valuations remain risks for investors.
For more information on IonQ’s quantum computing solutions, visit ionq.com.