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Bank of America starts coverage on IonQ with Buy rating, $60 target, citing its scalable quantum chip tech.

Analyst Insights
28 Sep 2026
Proactive Investors
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Bullish
Bank of America starts coverage on IonQ with Buy rating, $60 target, citing its scalable quantum chip tech.

Bank of America initiated coverage on IonQ with a Buy rating and a $60 price target, highlighting the company's semiconductor-based quantum computing approach as promising for scaling qubit counts. IonQ is noted as the largest public pure-play quantum company by revenue, with expected advances in fidelity, error correction, and system size by 2030. The bank values IonQ's Quantum Hardware & Services and Foundry businesses separately, projecting significant revenue growth by 2030. IonQ plans to launch its next-gen Superion 256 system in Q2 2027, featuring electronic qubit control on silicon, replacing complex laser-based control. The company also expanded through acquisitions, adding networking, security, sensing, and foundry services to diversify revenue streams while developing fault-tolerant computing. IonQ shares rose over 4% following the announcement.

IonQ shares trade at USD 46.15 on Pluang as of Sep 29, 2026 00:32 WIB, up 1.47% in the past day. The stock's market cap stands at $18.43 billion, with a 52-week range between $26.59 and $82.09. Typical holding time on Pluang is 32 days, reflecting active investor interest in this technology sector stock.

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