IonQ Reports Q3 Revenue Beat, Raises 2026 Guidance
IonQ said demand for its Superion 256 quantum computers is strong and that it has sold out its 2027 capacity. Morgan Stanley maintained an equal-weight rating and cut its price target to $40 from $43.
In a note to clients, Morgan Stanley analyzed IonQ's third-quarter performance, which included a revenue beat and raised 2026 guidance. The firm highlighted strong demand for the company's Superion 256 quantum computers and noted that IonQ has sold out its capacity for 2027. Despite these developments, Morgan Stanley maintained its equal-weight rating on the stock and adjusted its price target to $40 from $43.