Risk factor
Very high price volatility
Profitability factor
Strong growth
About
IonQ, Inc. specializes in the creation of advanced, general-purpose quantum computing systems. The company provides customers with access to its 20-qubit quantum computers. This access is facilitated through prominent third-party cloud platforms, such as Amazon Web Services' (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as directly via IonQ's own proprietary cloud service. Founded in 2015, IonQ, Inc. is headquartered in College Park, Maryland.
Company Valuation
From both historical and forecast perspectives, the stock is considerably overpriced compared to similar stocks. In particular, the stock is overpriced on P/E.
Target Price
The average target price of IONQ is 67 and suggests 15% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendation su