Quantum computing, powered by qubits, is the next big thing, overshadowing classical computing. Analysts are bullish on IonQ, with a $100 price target. IonQ, founded in 2015, has a market cap of $17 billion. Its stock is up 13% this year, lagging competitors but remains a key player in the quantum computing field.

IonQ’s third-quarter earnings report showed a $1.1 billion net loss due to accounting rules. Revenue of $39.9 million beat guidance by 37% and was up 222% from a year ago. Adjusted losses were better, and the company raised $2 billion in equity offering, bolstering its cash reserves.

IonQ aims to strengthen its quantum platform with acquisitions and scale. CEO Niccolo de Masi is confident in the company’s growth prospects. Analysts are bullish on IonQ stock, with a mean price target of $75.50, hinting at a 59% increase. Investors should expect continued losses and volatility in the quantum computing space.

With a potential 59% increase in stock price, IonQ presents an appealing opportunity for investors interested in quantum computing stocks. Analysts are optimistic about IonQ’s future, with a majority rating it as a “Strong Buy.” The company’s growth trajectory and market position make it a compelling choice for long-term investors.

Read more at Yahoo Finance: IonQ Just Got a New Street-High Price Target. What Is the Bull Case for Quantum Computing Stocks in 2026?