Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 10 Mar, 26 | IONQ | Buy | USD 35.87 | USD 37.7 | USD 40.0 | 9 days | Closed |
10.79%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
IonQ, Inc. engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service. The company also provides consulting services related to co-developing algorithms on quantum computing systems; and contracts associated with the design, development, and construction of specialized quantum computing systems. IonQ, Inc. was founded in 2015 and is headquartered in College Park, Maryland.
Significant Quarterly Revenue Expansion: Revenue momentum strengthened during the year as fourth-quarter revenue reached USD 61.9 million in Q4 FY25 compared with USD 11.7 million in Q4 FY24
First Public Quantum Company to Surpass USD 100 Million Revenue: IonQ achieved a major commercialization milestone by becoming the first publicly listed quantum computing company to generate annual revenue exceeding USD 100 million in FY25, compared with USD 43.1 million recorded in FY24
Persistent Operating Losses Despite Revenue Growth: Despite strong revenue expansion to USD 130.0 million in FY25 from USD 43.1 million in FY24
Significant Increase in Net Losses: The company’s net losses widened considerably as net loss increased to USD 510.4 million in FY25 compared with USD 331.6 million in FY24
IonQ’s investment outlook remains highly dependent on the successful commercialization and scalability of quantum computing technology, while continued operating losses and the early-stage nature of the quantum market may delay profitability and increase financial uncertainty
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 35.87 | 32.0 | 37.7 | 40.0 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
Revenue Expansion Driven by Quantum Computing Adoption: IonQ reported strong revenue growth during FY25 as demand for quantum computing services and cloud-based access to quantum systems expanded. Total revenue increased significantly to USD 130.0 million in FY25 compared with USD 43.1 million in FY24, reflecting the continued commercialization of its quantum computing platform and increased enterprise adoption. The growth was supported by expanding customer engagements across government, research institutions, and enterprise partners utilizing IonQ’s Quantum Computing-as-a-Service (QCaaS) offerings.
Commercial Momentum and Platform Expansion: The company continued to expand its commercial reach by integrating quantum computing capabilities with major cloud providers including Amazon Web Services (AWS), Microsoft Azure Quantum, and Google Cloud Marketplace, enabling broader enterprise accessibility to IonQ’s systems. This cloud-delivery model supports scalable deployment of quantum computing resources while reducing the need for on-premise infrastructure among customers.
Strategic Acquisitions Strengthening Technology Leadership: During FY25, IonQ accelerated its technology roadmap through several strategic acquisitions and investments aimed at enhancing its quantum ecosystem. These included acquisitions related to photonic interconnect technology, quantum networking, sensing, and security capabilities, which collectively strengthen the company’s position as a full-stack quantum platform provider. Such acquisitions are intended to expand IonQ’s technological capabilities and accelerate progress toward scalable fault-tolerant quantum computing systems.
Advancements in Quantum Hardware Performance: IonQ continued to advance the technical performance of its quantum systems during FY25. The company reported industry-leading qubit fidelity levels, achieving two-qubit gate fidelity of approximately 99.99%, representing a key milestone in improving computational accuracy and reducing error rates. Enhancements in trapped-ion technology and electronic qubit control systems are expected to support improved scalability and reliability of future quantum processors.
Expansion of Global Quantum Ecosystem: Operationally, the company expanded its global presence through partnerships, research collaborations, and the establishment of national quantum networks in multiple regions. IonQ continued to invest in building a comprehensive quantum ecosystem encompassing computing, networking, sensing, and cybersecurity technologies to support government, enterprise, and research applications worldwide.
Continued Investment in Research and Development: IonQ significantly increased investments in research and development during FY25 to accelerate technological milestones required for achieving fault-tolerant quantum computing. The company maintained a highly specialized workforce consisting of hundreds of scientists and engineers, including a large base of PhD-level researchers, to advance next-generation quantum hardware and software capabilities.
Profitability Pressure Amid Aggressive Growth Investments: Despite strong revenue growth, IonQ continued to incur significant operating losses as the company remains in the early commercialization stage of the quantum computing industry. Net losses widened as the company increased spending on research, infrastructure development, acquisitions, and talent recruitment to support long-term technological leadership and market expansion.
Considering recent key business, financial updates, current trading levels, and key business risks, a ‘Buy’ recommendation has been given to IonQ, Inc (NYSE: IONQ) at the closing market price of USD 35.87, as on Mar 09, 2026
Data Powered by EOD Historical Data (“EODHD”).
Sector: Technology Industry: Computer Hardware
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| IONQ IONQ Inc |
1.86 3.40% | 56.55 | - | - | 138.83 | 5.50 | 126.74 | -21.0799 |
| DELL Dell Technologies Inc |
-9.82 2.34% | 409.50 | 24.44 | 15.65 | 1.22 | 4.39 | 1.34 | 12.81 |
| ANET Arista Networks |
4.74 2.87% | 169.67 | 39.49 | 31.45 | 13.08 | 11.15 | 12.18 | 31.54 |
| SMCI Super Micro Computer Inc |
2.88 10.37% | 30.66 | 49.25 | 28.90 | 5.69 | 17.11 | 5.65 | 57.68 |
| HPQ HP Inc |
0.32 1.38% | 23.50 | 9.33 | 8.67 | 0.56 | - | 0.70 | 7.42 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on March 10, 2026. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned has been achieved and is subject to the factors discussed above.
Note 4: StockNextt reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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