The author predicts IonQ could climb above $100 per share in 2027 from its current level below $40, after the stock fell about 20% this year and more than 60% from its above $84 peak a year ago. The author argues fault-tolerant quantum computing may arrive sooner, with several industry leaders now seeing 2029 instead of 2030, and that IonQ's trapped-ion approach, which holds a record 99.99% two-qubit gate fidelity, gives it an edge. IonQ expects to begin delivering its 256-qubit Superion 256 system early next year and already has several preorders. Analysts expect revenue to grow nearly 80% next year, and the author believes a successful launch could push growth above that forecast, making a small position worth considering.
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