IonQ Inc. (IONQ) shares surged 23.42% on Friday, closing at $32.62 after the quantum-computing company delivered blockbuster third-quarter earnings and raised its full-year revenue outlook. The rally was a welcome turnaround for a stock that had struggled for much of 2026, with shares still down 27.3% year-to-date despite Friday’s jump.
IonQ reported record quarterly revenue of $173.8 million, up 336% year-over-year, and raised its 2026 revenue forecast to between $505 million and $515 million, from $450 million to $460 million. The company also reported strong demand for its quantum systems, with its Superion 256 production capacity already sold out for 2027.
The earnings report also brought a wave of analyst updates on Friday. Although several firms lowered their price targets, the majority maintained their bullish ratings.
Wedbush’s top analyst Matt Bryson reiterated his Buy rating with a $50 price target. B. Riley Securities five-star analyst Craig Ellis kept his Buy rating but lowered his target to $70 from $75. Another five-star analyst at Northland Securities, Nehal Chokshi, also maintained a Buy rating, trimming his target to $63 from $70.
Bank of America’s five-star analys...