IONQ is one of the best-performing quantum stocks on the US market in 2026, headlining a recent surge for the quantum industry. In the last month, shares have been up over 30%, with other top options like QCOM and RGTI also moving higher. Earlier this week, NVIDIA (NVDA) announced it is launching new models to support quantum development, a move that spurred the quantum stock market higher on the week.

Investors are increasingly focused on the potential of quantum computing to disrupt current cryptographic standards, leading to a surge in interest and stock prices across the sector in April. However, there is still caution on Wall Street due to high valuations and ongoing losses. Indeed, IonQ faces challenges with a projected operating cash flow loss of $283.19 million and an expected adjusted EBITDA loss between $310 million and $330 million for 2026.

Based on its 1-year performances over the last five years, IONQ is expected to climb by an additional 50% in 2026. At the time of writing, IONQ is trading in the middle of its 52-week range and below its 200-day simple moving average. Wall Street’s current ratings on the quantum stock fall in line with these historical performances. Out of the 15 analysts covering IONQ surveyed by CNN Business, 80% rate the stock a buy, while the remaining rate IONQ a hold.

Analysts are split on IONQ’s potential, with price targets ranging from $35 to $100. The current market price is $44.68. Benchmark and Needham maintain a Buy rating with a $65 target, while DA Davidson and Morgan Stanley are more conservative with Neutral and Equal-Weight ratings, respectively.