Bank of America Starts IonQ at Buy With $60 Target as Acquisitions Bolster 2027 Roadmap
Updated
Updated · CNBC · Sep 28
Bank of America Starts IonQ at Buy With $60 Target as Acquisitions Bolster 2027 Roadmap
3 articles · Updated · CNBC · Sep 28
Summary
$60 is Bank of America's new price target for IonQ, with the bank launching coverage at buy and arguing recent deals can speed commercialization of more powerful quantum systems.
July's SkyWater Technology acquisition gives IonQ control over chip development and manufacturing for its Superion platform, while January's Seed Innovations deal adds AI and software tools to manage larger quantum workloads.
IonQ is targeting a second-quarter 2027 launch for Superion 256, which Bank of America says would be the first system to integrate electronic qubit control and could support much larger logical-qubit scaling.
69% is the bank's projected sales CAGR for fiscal 2026-2030, though it warns commercial adoption is still early and delays in machine delivery or customer uptake could undermine that outlook.
1.3% is IonQ's gain so far in 2026 versus the S&P 500's 13%, even after the stock rose 16% over the past month.
Could IonQ's bold move to buy a semiconductor foundry be the secret weapon that finally makes commercial quantum computing a reality?
With Superion 256 promising lower power usage than GPUs, will this electronic qubit architecture unexpectedly disrupt the traditional data center industry?