Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 5 Sep, 25 | IONQ | Buy | USD 42.11 | USD 44.4 | USD 47.0 | 5 days | Closed |
7.29%
|
*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.
Capital Position Strengthened: Pro forma cash balance surged to USD 1.6 billion in July 2025, up from USD 514 million in June 2024, following the largest-ever USD 1 billion institutional investment in the quantum sector
Revenue Growth: Revenue increased from USD 5.5 million in Q2 FY2024 to USD 20.7 million in Q2 FY2025, representing a 276% year-over-year increase, exceeding guidance by 15%
Widened Net Loss: Net loss expanded from USD 37.6 million in Q2 FY2024 to USD 177.5 million in Q2 FY2025, reflecting elevated stock-based compensation and acquisition-related expenditures
Operating Expense Escalation: Total operating costs rose 201% year-over-year, from USD 60.3 million in Q2 FY2024 to USD 181.3 million in Q2 FY2025, primarily driven by higher R&D and administrative spending
IonQ’s rapid expansion strategy and significant dependence on high-cost R&D investments expose the company to prolonged profitability delays and integration risks from multiple concurrent acquisitions
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 42.11 | 39.3 | 44.4 | 47.0 |
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.
Strategic Leadership and Corporate Transition: IonQ, Inc. entered the second quarter of FY2025 under renewed leadership momentum, with Niccolò de Masi appointed as Chairman and Chief Executive Officer following Peter Chapman’s retirement. The leadership transition reinforced IonQ’s long-term strategic direction as it continues to expand its quantum computing and networking dominance. Under de Masi’s direction, the company strengthened its commitment to innovation, emphasizing both quantum hardware and networking development to advance global commercialization of quantum technologies.
Financial Performance and Capital Strength: IonQ reported Q2 FY2025 revenue of USD 20.7 million, surpassing the high end of its guidance by 15%, reflecting robust project execution and customer expansion. The company, however, incurred an adjusted EBITDA loss of USD 36.5 million compared with a USD 23.7 million loss in Q2 FY2024, primarily driven by accelerated R&D and talent investments. Operating expenses increased substantially to USD 181.3 million in Q2 FY2025 (up 201% YoY). Despite the widened losses, IonQ bolstered its financial position by completing a USD 1 billion equity raise in July 2025, priced at a 25% premium, bringing pro forma cash reserves to USD 1.6 billion, the strongest in its history.
Technological Advancements and Roadmap Execution: IonQ achieved significant progress in advancing its quantum computing roadmap, bolstered by the acquisition of Lightsynq and the planned purchase of Oxford Ionics. The company now projects achieving 800 logical qubits by 2027 and 80,000 by 2030, establishing a clear trajectory toward large-scale, fault-tolerant quantum computing. IonQ’s integration of Oxford Ionics’ ion-trap-on-chip technology and Lightsynq’s photonic interconnects positions it to scale into the tens of millions of logical qubits. This technological edge reinforces IonQ’s first-mover advantage and unit economic superiority in the global quantum landscape.
Expansion of Global Partnerships and Ecosystem: The quarter marked substantial expansion in IonQ’s international partnerships. The company signed a Memorandum of Understanding with Japan’s AIST G-QuAT and became the Primary Quantum Partner for South Korea’s KISTI Institute to build the country’s National Quantum Center of Excellence. In the U.S., IonQ announced a USD 22 million collaboration with EPB to develop the nation’s first commercial quantum computing and networking hub and continued engagement with the U.S. Department of Defense and DARPA on quantum industry standards. These alliances underscore IonQ’s role as a critical enabler of national and commercial quantum infrastructure.
Quantum Networking and Space Integration Initiatives: Through its acquisitions of Capella Space and ID Quantique, IonQ has strengthened its position in quantum networking and space-based quantum communications. Capella’s satellite infrastructure enables deployment of quantum sensors and communication devices in orbit, while ID Quantique’s quantum key distribution (QKD) systems, already security-certified in South Korea, provide unmatched data protection. IonQ now offers end-to-end quantum-secured communication solutions, integrating terrestrial and satellite systems to enable a global quantum Internet.
Outlook and Long-Term Growth Prospects: Looking ahead, IonQ raised its FY2025 revenue guidance to USD 82–USD 100 million, supported by continued expansion across quantum computing and networking. The company foresees elevated investment levels as it integrates recent acquisitions and accelerates R&D execution. Management emphasized a long-term focus on scaling commercial applications, particularly in artificial intelligence, drug discovery, and energy optimization, all of which demonstrate the real-world potential of quantum computing. With its fortified balance sheet and diversified technology base, IonQ is positioned to lead the global transition into the quantum era.
As per the above-mentioned price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis, a ‘Buy’ rating has been given to IonQ, Inc (NYSE: IONQ) at the closing market price of USD 42.11 as of Sep 04,2025
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 |
-0.225 0.58% | 38.34 | - | - | 138.83 | 5.50 | 126.74 | -21.0799 |
| DELL Dell Technologies Inc |
-1.72 1.44% | 117.44 | 17.90 | 12.25 | 0.83 | 4.39 | 1.05 | 10.50 |
| ANET Arista Networks |
0.59 0.43% | 138.96 | 39.49 | 31.45 | 13.08 | 11.15 | 12.18 | 31.54 |
| SMCI Super Micro Computer Inc |
-0.2345 0.79% | 29.48 | 49.25 | 28.90 | 5.69 | 17.11 | 5.65 | 57.68 |
| CAJFF Canon Inc |
0.0025 0.0081% | 30.92 | 15.35 | 12.14 | 0.0071 | 1.35 | 1.14 | 7.50 |
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 September 5, 2025. 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.
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Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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