Quantum computing stocks are falling on Monday, with IonQ (IONQ) down over 9% after announcing its $1.3 billion acquisition of cybersecurity company Elisity in an all-stock deal. The deal has raised concerns about shareholder dilution, while weakness has spread across the sector. Rigetti Computing (RGTI) stock is also down over 5% in Monday’s trading.
In this article, we look at analyst ratings and price targets for IonQ and Rigetti Computing using TipRanks’ Forecast tool.
Who Owns IONQ Stock?
Now, according to TipRanks’ ownership page, public companies and individual investors own 73.82% of IONQ. They are followed by ETFs, mutual funds, insiders, and other institutional investors at 12.80%, 12.59%, 0.68%, and 0.10%, respectively.
A Look at top shareholders shows Vanguard owns the highest stake in IonQ at 8.02%. Next up is Vanguard Index Funds, which holds a 6.09% stake in the company.
Among the top ETF holders, the Vanguard Total Stock Market ETF (VTI) owns a 2.98% stake in IONQ stock, followed by the Vanguard Small-Cap ETF (VB), with a 1.89% stake. Moving to mutual funds, Vanguard Index Funds holds about 6.09% of IonQ. Meanwhile, Fidelity Salem Street Trust owns 0.92% of the company.
Who Owns RGTI Stock?
Now, according to TipRanks’ ownership page, public companies and individual investors own 64.33% of RGTI. They are followed by ETFs, mutual funds, insiders, and other institutional investors at 20.47%, 14.28%, 0.74%, and 0.18%, respectively.
Looking closely at top shareholders, Vanguard owns the highest stake in RGTI at 10.12%. Next up is Vanguard Index Funds, which holds a 7.64% stake in the company.
Among the top ETF holders, the Vanguard Total Stock Market ETF (VTI) owns a 3.01% stake in Rigetti Computing stock, followed by the iShares Russell 2000 ETF (IWM) with a 2.46% stake. Moving to mutual funds, Vanguard Index Funds holds about 7.64% of RGTI. Meanwhile, Vanguard World Fund owns 1.58% of the company.
Wall Street’s Take on IONQ and RGTI Stocks
According to the TipRanks Stock Comparison Tool, IonQ has a Strong Buy consensus rating, while Rigetti Computing has a Moderate Buy rating. IonQ has an average analyst price target of $71, implying 96.27% upside potential. Meanwhile, Rigetti’s average price target of $29.50 suggests 121.80% upside.
