IonQ (IONQ) shares have lost nearly 30% of their value over the past 12 months. The stock recently traded around $44.
B. Riley Securities and Rosenblatt Securities have each set a street-high price target of $100. That target implies potential upside of more than 125%. At least 11 of the 13 analysts tracking the stock rate it a Buy.
Widening financial losses and shareholder dilution from an equity offering have weighed on shares, overshadowing rapid revenue growth. IonQ has posted five consecutive record-revenue quarters and raised its full-year guidance. The company has also reached key technology milestones in quantum error correction.