mPulse

← Back

IONQYahoo Finance ↗IonQQuantum

~$31PE: N/AMCap: $11.2B-64% from ATH

Market data via Yahoo Finance as of Feb 12, 2026· Analysis as of Feb 11, 2026

COMPOSITE

+190%

BULL UPSIDE

ENTRY QUALITY

40%

CONFIDENCE

ℹ️ How are these calculated?

COMPOSITE = Σ(event relevance × event probability) × entry quality / 100. Combines how much this stock benefits from macro events with how good the entry point is right now. For IONQ: (10 × 85% + 10 × 60% + 95 × 35% + 5 × 55% + -15 × 0% + 0 × 0% + 15 × 0%) × 75/100 = 38. Higher is better. Range: typically 0–100.

BULL UPSIDE = (bull price target − current price) / current price. For IONQ: ($90 − $31) / $31 = +190%. This is the maximum upside if the most optimistic analyst thesis plays out.

ENTRY QUALITY (0–100) = how attractive the current price is as a buy point. Based on: % below all-time high (-64%), upside to bull PT (+190%), forward PE (N/A vs sector), and analyst conviction. Score: 75. Good entry — reasonable discount with solid upside.

CONFIDENCE = our overall conviction in the thesis (0–100%). Factors: strength of catalysts, analyst coverage quality, thesis durability, risk/reward skew.Lower conviction — speculative or thesis depends on uncertain catalysts.

$18~$31$85$90

52W LowATHBull PT

🎯 Investment Thesis

Leading trapped-ion quantum with 99.99% gate fidelity and SkyWater vertical integration. But "Quantum Hype vs. Profits" narrative gaining traction — Zacks argues NVDA and MSFT offer quantum exposure with actual profits. Stock fell 4.5% on Feb 11 despite no news. All analyst coverage is from 2024 and stale (PTs of $8-$18 vs current $33). Q4 earnings Feb 25 is the binary catalyst.

⚠️ Key Risk

ALL analyst PTs from 2024 are below current price — stock has outrun coverage. Wolfpack short report (Feb 4) still weighing. Deeply unprofitable with -280% operating margin. "Hype vs Profits" bear case is growing. Most pure-play quantum companies go bankrupt before ~2030.