10 Unstoppable Growth Stocks To Buy According to Reddit

6. IonQ, Inc. (NYSE:IONQ)

Number of Hedge Funds: 17

6-month Performance as of January 27, 2025: 405.7%

IonQ, Inc. (NYSE:IONQ) is a quantum computing hardware and software company that ranks sixth on our list of the unstoppable growth stocks to buy according to Reddit. The stock returned more than 405% in the past six months and is expected to carry momentum in 2025, as the new administration places bets on quantum computing. In a solid move, on January 6, IonQ completed the acquisition of Qubitekk, expanding its quantum networking capabilities.

While the move has boosted IONQ’s position immensely, the company did not stop there. On January 13, IonQ, Inc. (NYSE:IONQ) announced a $21.1 million project with the United States Air Force Research Lab (AFRL) to develop unmatched quantum technologies. Very recently, on January 27, IONQ announced the renewal of its agreement with the Technology Innovation Institute (TII), a quantum research center in Abu Dhabi. Under the extended partnership, TII will have access to IonQ Forte, the company’s most powerful and commercially available quantum computer yet.

On January 27, N. Quinn Bolton, an analyst at Needham raised his price target of IONQ from $18 to $54, keeping a buy rating on the stock. The analyst expects quantum computing to disrupt a significant part of the computing market over the next 10 years, explaining his bullish stance on the stock.