On September 30, IONQ Inc. rose 6.25% in regular trading, trading at $46.585/share, with turnover of $3.09 billion. The rally was primarily driven by Bank of America Securities initiating coverage of the company with a \"Buy\" rating and a price target of $60.

BofA highlighted that IonQ possesses a semiconductor-enabled path to scale qubit count, leveraging its electronic qubit control technology and SkyWater's semiconductor manufacturing capabilities. The firm noted that the next-generation Superion 256 system, targeted for launch in the second quarter of next year, could support substantial scaling of logical qubits. According to FactSet data, the analyst consensus rating on IonQ is \"Buy\" with a mean price target of $68.54.

The initiation comes amid a series of commercial milestones for IonQ, including contracts to deploy its Superion 256 quantum computer at Nvidia's Accelerated Quantum Research Center, Florida International University, and through a strategic partnership with SDT in South Korea. The company also recently raised its full-year revenue outlook to $450 million–$460 million following its SkyWater acquisition, well above prior estimates of approximately $290 million.

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