Veteran analyst who predicted quantum computing stocks rally unveils IonQ stock price target originally appeared on TheStreet.
One group of tech stocks has been surging significantly since the start of 2025, with several members rising more than 100% for the past six months. And no, it’s not artificial intelligence (AI).
Quantum computing is often overshadowed by AI, in part because its technology isn’t as widely understood or followed. But some of the industry’s most prominent names have demonstrated significant growth, catching the eye of Wall Street.
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Most companies in the space produce a type of technology that leverages the principles of quantum mechanics to perform computational tasks at a much faster rate than classical machines. They do this by using quantum bits (qubits) of information to solve problems at extremely high speeds.
Now, one financial expert who has followed quantum computing stocks for a long time has a new prediction for IonQ (IONQ) , one of the industry’s leading names.
When a stock rises from $8 per share to more than $40 over the course of a calendar year, it’s hard not to notice its progress. That’s exactly what happened to IonQ, a Maryland-based quantum computing company that produces both hardware and software.
Related: Analyst flags new quantum computing stocks to buy
IonQ is primarily known for successfully developing and commercializing trapped ion technology, a “type of quantum computing in which computations are performed by ionized atoms that can be precisely controlled, creating a more stable user experience.”
Most recently, IonQ made headlines after announcing that it agreed to acquire Oxford Ionics, a quantum computing startup that spun out of the UK’s Oxford University in a $1.1 billion all-stock deal. IONQ surged on news of the deal; several other quantum computing stocks are in the green as well.
Stephen Guilfoyle, a veteran Wall Street trader who recognized the quantum computing industry’s growth potential before many other investors, sees strong potential for these stocks to continue rising as IonQ maneuvers to expand its reach.
“The idea, for IonQ, is to bring together the firm’s quantum computing capabilities and networking stack with Oxford’s ion-trap technology on standard semiconductor chips,” he states. “The end goal is to deliver innovative, reliable quantum computers that reflect increased power, scale, and capability.”
Guilfoyle follows quantum computing stocks diligently. In December 2024, he revealed positions in both Quantum Computing Inc QUBT and D-Wave Systems QBTS, both of which have performed extremely well since then.
