Northland Crowns IonQ Best-in-Class Quantum Stock With a $55 Target: Is the Supercycle Here?

1 month ago 19

David Moadel

Mon, April 20, 2026 astatine 10:52 AM CDT 4 min read

IonQ (IONQ) earned an Outperform initiation from Northland with a $55 terms target, signaling expert condemnation successful the quantum computing sector’s commercialized inflection point.
Northland’s initiation signals that quantum computing is entering a genuine commercialized inflection point, with IonQ positioned arsenic the gross person among nationalist pure-play quantum stocks and positioned to payment from the pending SkyWater Technology acquisition closing successful Q2 oregon Q3.
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IonQ (NYSE:IONQ) banal conscionable earned a beardown endorsement from Northland, arsenic expert Nehal Chokshi initiated sum with an Outperform standing and a $55 terms target. The steadfast designated IonQ arsenic 1 of its apical picks, framing the assemblage arsenic offering "asymmetrically positively skewed projected returns." For investors wondering whether the quantum supercycle is real, Northland's initiation makes a compelling lawsuit that the commercialized inflection constituent has arrived.

IonQ shares are trading astir $47.55 arsenic of April 20, making Northland's $55 people a meaningful awesome of upside conviction. The banal has surged 85% implicit the past year, reflecting increasing organization and retail enthusiasm for quantum computing.

Ticker

Company

Firm

Action

Old Rating

New Rating

Old Target

New Target

IONQ	IonQ	Northland	Initiation	N/A	Outperform	N/A	$55

Chokshi argues that the full addressable marketplace for quantum computing sits betwixt $100 cardinal and $250 billion, and that exertion execution hazard is "far little connected an manufacture level" than galore investors assume. Northland's strategy spreads sum crossed aggregate quantum names, arguing that investing crossed the assemblage diversifies distant company-specific hazard portion capturing the broader supercycle.

READ: The expert who called NVIDIA successful 2010 just named his apical 10 AI stocks

Among the 5 quantum names Northland launched sum on, IonQ received an Outperform alongside Quantum Computing (NASDAQ:QUBT) and privately held Xanadu Quantum. D-Wave Quantum (NYSE:QBTS) and Rigetti Computing (NASDAQ:RGTI) received Market Perform ratings, putting IonQ successful the firm's apical tier.

IonQ is the wide gross person among nationalist pure-play quantum stocks. The institution became the archetypal nationalist quantum computing institution to transcend $100 cardinal successful yearly GAAP revenue, posting full-year 2025 gross of $130 million, representing 202% year-over-year growth. Q4 2025 unsocial delivered $61.9 cardinal successful revenue, beating statement estimates by 54%.

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