IonQ’s Tuesday announcement of a real-time quantum error correction decoder running on a standard CPU didn’t get a uniform reaction from analysts. Here’s how the recent calls line up.
The analyst calls, side by side
| Firm | Rating | Price target | Date | Change |
|---|---|---|---|---|
| Wedbush | Outperform | $75.00 | Sept. 22 | Raised |
| Mizuho | Outperform | $52.00 | Sept. 9 | Lowered |
| Rosenblatt | Buy | $100.00 | Sept. 9 | Maintained |
All three ratings are bullish in direction — Outperform or Buy — but the price targets span a wide range, from $52 to $100, a $48 difference between the low and high end.
What the spread tells you
Even analysts who agree on the direction (buy-rated) can disagree sharply on how much upside they see. Wedbush raised its target as recently as Sept. 22, closer to this week’s news, while Mizuho’s lowered target and Rosenblatt’s maintained target both came from Sept. 9, before the decoder announcement. That timing gap is worth keeping in mind — not all of these targets reflect the same information.
Where the consensus sits
Wall Street’s overall consensus rating on IonQ is Buy, with an average price target of $67.75 — a figure that sits between Mizuho’s more conservative $52 and Rosenblatt’s more aggressive $100, closer to the middle of the range than to either extreme.
A note on timing
Individual analyst targets can be updated at any time, including in response to news like this week’s announcement. Check for more recent notes from these firms before treating any single target as current.
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