IonQ, Inc. (IONQ) Expands its Agreement with QuantumBasel

IonQ, Inc. (NYSE:IONQ) is one of the Stocks That Will Go To The Moon in 2026. On December 17, IonQ, Inc. (NYSE:IONQ) announced expanding its agreement with QuantumBasel. The extension in the contract allows QuantumBasel to extend ownership of the company’s Forte Enterprise system and a next-generation Tempo system.

Management noted that as a result of this contract extension, the total value of the contract between the two entities is over $60 million. Moreover, this also allows the company to stay in Switzerland for four more years. QuantumBasel acts as IonQ, Inc.’s (NYSE:IONQ) official European Innovation Center, giving companies, universities, and researchers hands-on access to the company’s advanced quantum hardware. The expansion includes new joint research on optimizing large language models and hybrid quantum-classical methods.

That said, on December 17, Antonie Legault from Wedbush initiated coverage of IonQ, Inc. (NYSE:IONQ) with a Buy rating and a $60 price target. Earlier on December 16, Richard Shannon from Craig-Hallum also reiterated a Buy rating on the stock without disclosing any price targets.

Legault from Wedbush noted that the company’s 25 years of research have emerged in a unique and powerful architecture. The firm highlighted that although the technology is new and the adoption remains limited, the company has developed a strong sales pipeline. The firm highlighted that the sales of IonQ, Inc. (NYSE:IONQ) have nearly doubled from 2023 to 2024, and 2025 is expected to see sales doubling again.

IonQ Inc. (NYSE:IONQ) develops quantum computers and networks in the US.

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Disclosure: None. This article is originally published at Insider Monkey.