IonQ (IONQ) Bullish Rating Propels Stock by 11.6%

Angelica Ballesteros

Thu, Jul 3, 2025, 11:40 AM 2 min read

IonQ, Inc. (NYSE:IONQ) is one of the Double Digit Gains: 10 Stocks Soaring Like Crazy.

IonQ saw its share prices jump by 11.6 percent on Wednesday to end at $44.75 apiece after Cantor Fitzgerald raised its rating and price target for the company.

In its market note, the investment firm gave IonQ, Inc. (NYSE:IONQ) an “overweight” rating and a price target of $45 on the belief that the quantum computing industry remains to be one of the most highly coveted technical milestones with huge economical implications despite it still being in its early stages of development.

A quantum computer on a countertop in an engineering laboratory with a technician at work.

Additionally, it said that the full-scale capabilities of the sector are likely years away from being realized.

Further supporting the sentiment was Texas’s passage of legislation on Monday that would develop a comprehensive strategic plan to advance quantum computing.

IonQ, Inc. (NYSE:IONQ) said it fully supports the initiative, emphasizing the critical role of quantum computing in addressing future cybersecurity and economic challenges.

“The Texas Quantum Initiative is more than just policy. It’s a platform for transformative innovation, secure infrastructure, and inclusive workforce development,” said IonQ, Inc. (NYSE:IONQ) Niccolo de Masi.

While we acknowledge the potential of IONQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.