Ionq Stock Price Target Cut as Q4FY25 Earnings Loom
Morgan Stanley’s Joseph Moore lowered his price target on ionq stock from $58 to $35 as the company heads into Q4FY25 results, which are due after market close on Wednesday, February 25; he kept a Hold rating while citing a reduced valuation multiple and peer compression.
Ionq Stock sees price-target cut ahead of Q4FY25 results
Moore’s revision — from $58 to $35, implying 13. 7% upside — comes with a sustained Hold stance and a note that long-term commercialization remains uncertain. Moore is identified as a five-star analyst ranked #191 out of 12, 108 peers, with a 61% success rate and an average return per rating of 22. 60%.
Revenue, loss and the numbers Wall Street has set
Street expectations for the quarter include an adjusted loss of $0. 51 per share, an improvement from the prior-year loss of $0. 93 per share, and sales forecasted to jump nearly 245% year-over-year to $40. 38 million. Moore expects only modest revenue growth for fiscal year 2025 and anticipates an upbeat outlook for 2026 during the company’s upcoming call.
SkyWater deal and SHIELD contract show up in forecasts
Analysts note two material items on the company’s radar: a planned acquisition of SkyWater Technology for $1. 8 billion and IonQ’s selection for the SHIELD indefinite-delivery/indefinite-quantity contract, which carries a ceiling of $151 billion. Those deals were cited as catalysts even as Moore trimmed the valuation multiple used in his model.
Analysts split on longer-term upside and consensus targets
Market tallies show seven Buy ratings and three Hold ratings, with an average price target of $72. 75 that implies roughly 136% upside from current levels; over the past year, IONQ shares have declined 1. 5%. The mix of Buy and Hold views underlines differing assumptions about commercialization timelines and multiple expansion.
Investor attention now turns to the Q4FY25 report and the company’s commentary on 2026 growth projections when results arrive after market close on Wednesday, February 25. Management guidance and any updates on the SkyWater transaction or SHIELD contract will be the immediate items for analysts and holders of ionq stock to assess.
