Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 14 Apr, 26 | IONQ | Buy | USD 32.5 | USD 35.5 | USD 37.0 | Same day | Closed |
15.83%
|
*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.
Revenue Growth Momentum: FY25 revenue increased to USD 130 million compared to USD 43 million in FY24, reflecting 202% YoY growth
Expansion in Order Book Visibility: FY25 remaining performance obligations rose to USD 370 million from USD 77 million in FY24
Sustained EBITDA Losses: FY25 adjusted EBITDA loss widened to USD 186.8 million compared to lower losses in FY24
High R&D Spending Pressure: FY25 R&D expenses increased to USD 305.7 million from USD 137.0 million in FY24, reflecting a 123% YoY rise
The company faces execution risks related to scaling commercialization of quantum technologies while sustaining high R&D investments and managing profitability pressures in an evolving and competitive industry
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 32.5 | 28.0 | 35.5 | 37.0 |
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.
Record Financial Performance and Revenue Expansion: IonQ, Inc. delivered a landmark financial performance in Q4FY25, with revenue reaching USD 61.9 million, reflecting a sharp 429% year-over-year increase. This led full-year FY25 revenue to USD 130 million, representing a 202% YoY growth trajectory. The company exceeded its internal guidance, outperforming the midpoint by 55% in Q4FY25 and 20% for the full year, indicating strong execution and robust demand across its offerings.
Transition to Full-Stack Quantum Platform: During FY25, IonQ successfully transitioned from a single-product quantum computing company into a comprehensive full-stack quantum platform provider. The company now operates across quantum computing, networking, sensing, and security, positioning itself as the only integrated platform player in the quantum ecosystem. This strategic expansion enhances its ability to offer end-to-end solutions to enterprise and government customers globally.
Robust Commercial Adoption and Global Expansion: IonQ witnessed strong commercial traction, with over 60% of FY25 revenue derived from commercial customers and more than 30% from international markets. The company expanded its global footprint through partnerships and deployments across Europe, Asia, and North America, including quantum networks in Switzerland, Slovakia, and Romania, as well as enterprise collaborations in pharmaceuticals, automotive, and AI-driven applications.
Technological Leadership and Product Innovation: The company demonstrated significant technological advancements, including achieving 99.99% two-qubit gate fidelity and delivering superior time-to-solution capabilities compared to competing systems. IonQ highlighted its ability to deliver up to 1,000x faster performance in certain algorithms and up to 10,000x improvements in optimization tasks, reinforcing its competitive edge in real-world quantum applications.
Strong Order Book and Visibility Improvement: IonQ significantly enhanced its revenue visibility, with remaining performance obligations increasing nearly fivefold to USD 370 million at the end of FY25 compared to USD 77 million in FY24. This strong backlog, coupled with growing pipeline opportunities, supports confidence in future revenue growth and reflects sustained demand for its quantum solutions.
Heavy Investment Phase Impacting Profitability: Despite strong revenue growth, IonQ continues to operate at a loss due to aggressive investments in research and development. The company reported adjusted EBITDA of negative USD 186.8 million for FY25, with R&D expenses rising 123% YoY to USD 305.7 million. These investments are focused on maintaining technological leadership and accelerating product innovation, though they continue to pressure near-term profitability.
Strong Balance Sheet and Forward Outlook: IonQ ended FY25 with a robust cash position of USD 3.3 billion, providing significant financial flexibility to fund R&D, acquisitions, and global expansion. The company has guided FY26 revenue in the range of USD 225 million to USD 245 million, indicating continued strong growth momentum driven by expanding customer adoption and product commercialization.
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 current market price of USD 32.50, as on 14 April 2026 at 6:55 am PDT.
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 April 14, 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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