Latest news with #AlexanderPlatt
Business Insider
10-08-2025
- Business
- Business Insider
With IONQ up Over 500%, Let's Look at Who Owns This Quantum Computing Stock
IonQ (IONQ) stock has climbed over 500% over the past year, driven by growing investor enthusiasm for quantum computing and major cloud partnerships. However, the stock took a hit after the company posted mixed Q2 results on August 7. IonQ reported a loss of $0.70 per share, far wider than the expected loss of $0.29. Following the report, several top analysts voiced concerns over increasing uncertainty about the company's strategic direction and profitability. One such analyst is DA Davidson analyst Alexander Platt, who downgraded the stock from Buy to Hold while keeping a $35 price target, noting that the risks to its business have 'notably increased.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. In other news, Amazon (AMZN) recently disclosed a $36.70 million stake in IONQ, reflecting the tech giant's strong conviction in quantum computing technology. With the stock in the spotlight, it's worth taking a closer look at who owns IONQ shares. Now, according to TipRanks' ownership page, public companies and individual investors own 73.11% of IONQ. They are followed by ETFs, mutual funds, insiders, and other institutional investors at 13.91%, 11.45%, 1.37%, and 0.15%, respectively. Digging Deeper into IONQ's Ownership Structure Looking closely at top shareholders, Vanguard owns the highest stake in IonQ at 7.86%. Next up is Vanguard Index Funds, which holds a 6% stake in the company. Among the top ETF holders, the iShares Russell 2000 ETF (IWM) owns a 2.31% stake in IONQ stock, followed by the Vanguard Total Stock Market ETF (VTI), with a 2.20% stake. Moving to mutual funds, Vanguard Index Funds holds about 6% of IonQ. Meanwhile, Vanguard World Fund owns 1.41% of the company. Is IonQ Stock a Good Buy? On TipRanks, IONQ stock has a Moderate Buy consensus rating based on five Buys and two Hold ratings. The average IonQ price target of $49.57 implies 18.45% upside potential from current levels.
Business Insider
08-08-2025
- Business
- Business Insider
'Time to Hit the Brakes?' Top Analyst Downgrades IonQ Stock amid Profit Concerns
IonQ (IONQ) has hit a speed bump this week as DA Davidson analyst Alexander Platt downgraded the stock to Hold from Buy, while maintaining a price target of $35. The Top analyst cited growing uncertainty about the company's strategic direction and profitability outlook. The downgrade follows IonQ's mixed Q2 earnings report. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. While the revenue beat suggests strong demand, the wider-than-expected loss raised concerns about cost control and operational efficiency. Key Reasons for Downgrade Platt said that IonQ is investing heavily in quantum computing, which could become a breakthrough technology. However, he's concerned about the company's lack of clear plans and uncertain path to making money in the short to medium term. Also, he believes the risks tied to its business have 'notably increased.' Morgan Stanley Analyst Ups Target On the other hand, Morgan Stanley's Joseph Moore raised IonQ's price target to $32 from $30, keeping a Hold rating. He sees a big long-term opportunity in quantum tech, especially for AI and simulation. The five-star analyst believes the quantum market could reach $65 billion by 2030, and AI could top $200 billion. Moore noted that IonQ might compete with big chipmakers and has more upside than private rivals. IonQ's Quantum Leap IonQ is making major progress in quantum computing. Its hybrid quantum-classical computing has improved accuracy in tasks like sentiment analysis and could save energy as more qubits are added. This approach also helps in areas like materials science, biology, and language processing. Further, IONQ is moving into quantum networking, with plans for a space-based system to share secure keys. Notably, its products are already used by big banks, telecoms, and government agencies to protect against future quantum hacking. Importantly, IonQ is working with hyperscalers like Amazon's (AMZN) AWS, Microsoft (MSFT) Azure, and Google (GOOGL) Cloud, and has launched a quantum application center with AstraZeneca (AZN) focused on drug discovery. It's also exploring engineering simulations for manufacturing. Is IonQ a Good Buy? Turning to Wall Street, IONQ has a Strong Buy consensus rating based on five Buys and two Holds assigned in the last three months. At $49.17, the average IonQ stock price target implies 21.44% upside potential.
