Bank of America on Monday initiated coverage of IonQ with a buy rating and a $60 price objective. The bank says the company’s recent acquisitions could help it build more powerful quantum systems faster and bring them to market sooner.
Analyst Vivek Arya said IonQ is using deals to “accelerate its quantum-compute roadmap” while expanding into quantum networking, security, sensing, space and foundry services. In his view, that gives the company broader exposure across several adjacent quantum markets.
In July, IonQ acquired semiconductor foundry Sky Water Technology. The deal gives the company control over chip development and manufacturing for its Superion systems platform now under development. Its January acquisition of Seed Innovations, an AI and software development provider, is expected to help manage and scale complex quantum workloads.
Bank of America said the two deals together should support a faster launch of IonQ’s next-generation platform through a semiconductor-enabled path to scaling qubit count, broader customer engagement and exposure across quantum computing, communications and sensing. The bank also expects sales to grow at a 69% compound annual rate from fiscal 2026 to fiscal 2030.
At the same time, the bank said commercial adoption of quantum computing is still in an early stage because qubits remain error-prone. It expects more useful systems by 2030. IonQ is targeting a second-quarter 2027 launch for Superion 256, which would be the first system to integrate electronic qubit control.
IonQ shares have risen 16% over the past month, but the stock is up only 1.3% so far in 2026, versus a 13% gain for the S&P 500. Arya said engineering milestones in the second half of this year could help the stock, while warning that delays in delivering machines or in commercial adoption would put both the forecast and the price target at risk.
