Core Insights - Wall Street is increasingly focused on quantum computing, with IonQ receiving significant attention, including a recent "Outperform" rating from Mizuho Securities and a price target of $90, indicating a potential upside of 95.65% from current levels [1][3] Industry Overview - Quantum computing is anticipated to be a transformative technology, capable of addressing complex problems that classical computers cannot solve, with applications spanning cryptography, drug discovery, and logistics [2] Company Profile - IonQ, founded in 2015 and based in College Park, Maryland, specializes in trapped-ion quantum computers and offers cloud software, quantum networking, and quantum cryptography tools, with a market capitalization of approximately $17.3 billion [3] Stock Performance - Over the past 52 weeks, IonQ's stock has increased by 5.13%, reaching a 52-week high of $84.64 on October 13, and has gained 10.34% year-to-date [4] - Despite recent gains driven by enthusiasm for quantum computing and company-specific developments, the stock is currently down 45% from its mid-October peak [5] Financial Performance - In Q3 2025, IonQ reported revenue of $39.9 million, representing a 222% year-over-year increase, which exceeded prior guidance by 37%, indicating strong demand for its quantum computing solutions [7]