#4 - IonQ (NYSE:IONQ)
IonQ Inc. (NYSE: IONQ) is the first of the pure-play quantum computing stocks on this list. The company addresses one of the key limitations of delivering quantum computers at scale: the need for quantum molecules to operate at sub-zero temperatures. Heat can cause the qubits to become unstable and, therefore, unable to perform their calculations.
IonQ is developing quantum computers that can run at room temperature. This could turn out to be a competitive advantage if it can deliver its products at scale, particularly for environments such as data centers.
As of March 2025, the company controls over 900 total issued and pending patents for quantum technologies. IonQ has a market cap of around $4.5 billion, making it a solid mid-cap stock. The company is not profitable, but it does have some revenue coming in. One of the key sources is a $54.4 million quantum system contract it has with the U.S. Air Force Research Laboratory. The company also has partnerships with Airbus (OTCMKTS: EADSY) for supply chain optimization and AstraZeneca PLC (NASDAQ: AZN) for drug discovery modeling.
About IonQ
IonQ, Inc engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service.
More about IonQ- Current Price
- $20.69
- Consensus Rating
- Buy
- Ratings Breakdown
- 4 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $44.80 (116.5% Upside)
