
Rigetti Computing (RGTI) Stock Forecast & Price Target
Rigetti Computing (RGTI) Analyst Ratings
Bulls say
Rigetti Computing Inc has experienced a notable increase in trading activity, with trading volume rising by 67% over the past 30 days compared to the previous period, indicating heightened investor interest in the stock. The company's financial health is underscored by a significant improvement in cash and liquid assets, totaling $217.2 million, bolstered by $153.3 million from equity offerings while eliminating its debt obligations. Additionally, Rigetti's stock has outperformed its peers, appreciating by 136%, reflecting a strong position in a rapidly growing quantum ecosystem supported by increased venture capital and government backing.
Bears say
Rigetti Computing Inc experienced a 10% decline in revenue for 2024, totaling $10.8 million, which fell short of consensus estimates due to lower recognized contract revenues. The company has faced significant challenges stemming from higher global interest rates, decreased economic growth expectations, and underwhelming post-merger performance, which collectively contributed to market corrections. Additionally, the capital shortfall resulting from high SPAC shareholder redemptions and growing investor expectations regarding business scaling and margins further exacerbated the company's difficulties.
This aggregate rating is based on analysts' research of Rigetti Computing and is not a guaranteed prediction by Public.com or investment advice.
Rigetti Computing (RGTI) Analyst Forecast & Price Prediction
Start investing in Rigetti Computing (RGTI)
Order type
Buy in
Order amount
Est. shares
0 shares