/Quantum%20Computing/A%20concept%20image%20showing%20a%20ray%20of%20light%20passing%20through%20cyberspace_%20Image%20by%20metamorworks%20via%20Shutterstock_.jpg)
IonQ (IONQ) shares are in focus on Tuesday after the quantum computing company hired Marco Pistoia as its senior vice president of industry relations.
Pistoia, who has formerly served as head of applied research at JPMorgan, will facilitate the corporate deployment of next-generation quantum technologies and robust security protocols at IonQ.
IonQ stock has been in a sharp uptrend since early March, but is currently down 12% versus its high set in the final week of May.
Why Is Pistoia’s Appointment Significant for IonQ Stock?
Pistoia brings a blend of deep technical expertise and industry credibility that will likely prove a strategic positive for IONQ shares moving forward.
His track record includes pioneering quantum algorithms for financial modeling, fraud detection, AI, and setting a world record in quantum key distribution (QKD).
Pistoia’s appointment strengthens the quantum-tech firm’s ability to forge high-value partnerships and accelerate adoption across industries like finance, logistics, and cybersecurity.
It also reinforces the company’s roadmap toward scalable, secure quantum systems, an essential differentiator in a field where commercialization remains elusive.
IONQ Shares Could Climb Further to $70
IonQ tapped Marco Pistoia as its new SVP only days before Rosenblatt Securities initiated coverage of the quantum stock with a “Buy” rating.
The investment firm expects IONQ’s revenue to exceed $100 million this year, close to double in 2026, and hit the coveted $1 billion mark “over the next few years.”
Rosenblatt sees IONQ stock rallying to $70 over the next 12 months (about 65% potential upside) as management remains committed to developing a quantum ecosystem, executing well on the product roadmap, and secure new partnerships to boost system sales.
Note that the NYSE-listed firm is already collaborating with big names like AstraZeneca (AZN), Nvidia (NVDA), and Amazon (AMZN).
Wall Street Recommends Caution on IonQ
Other Wall Street firms, however, are not nearly as bullish on IonQ shares as Rosenblatt Securities, primarily because the company is in its early innings only and has much to prove over the coming months and years.
While the consensus rating on IONQ stock remains at “Strong Buy,” the mean target of about $44 implies just 7% upside from current levels.
