IonQ beat revenue expectations, raised its 2026 revenue forecast, and sold out its 2027 capacity. Morgan Stanley cut its target from $43 to $40 and kept its rating unchanged, but IonQ's sales and demand news point to a stronger business outlook.
Selling out its 2027 capacity shows buyers want the computers IonQ can provide. A raised sales forecast adds support. Morgan Stanley's lower target and unchanged rating are cautionary, but they describe one analyst's view and do not outweigh IonQ's company updates.
Morgan Stanley issued a note on IonQ, kept its rating unchanged, and cut its price target from $43 to $40. This changes its view of IonQ, not the outlook for Morgan Stanley itself.
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