
Rigetti Computing (RGTI) Stock Forecast & Price Target
Rigetti Computing (RGTI) Analyst Ratings
Bulls say
Rigetti Computing Inc has significantly bolstered its balance sheet, ending the year with approximately $220 million in cash, which is expected to support operations for at least the next three years. The company's innovative advancements in quantum computing, including the development of the industry's first multi-chip quantum processor, position it favorably to meet accelerating market demand for quantum hardware. Furthermore, with a strong capital base and anticipated investment from public and private sectors, Rigetti is strategically poised to capitalize on broader adoption of quantum technology, which is projected to enhance revenue potential in the coming years.
Bears say
Rigetti Computing Inc faces a negative outlook primarily due to the potential for increasing losses driven by anticipated research and development (R&D) costs that may outpace slower-than-expected sales growth. The company’s recent revenue performance fell short of projections, compounded by delays in the re-authorization of critical funding measures and ongoing supply chain challenges, further jeopardizing its growth trajectory. Additionally, the uncertainty surrounding quantum technology adoption by end-users raises concerns about sales scalability and could lead to shareholder dilution through necessary financing measures to cover projected substantial losses in the coming years.
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
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