Latest news with #RGTI
Yahoo
5 hours ago
- Business
- Yahoo
Rigetti Computing Is Skyrocketing Today -- Is the Quantum Computing Stock a Buy?
Rigetti Computing stock is soaring today thanks to bullish analyst coverage and macroeconomic tailwinds. Cantor Fitzgerald initiated coverage on Rigetti Computing with an overweight rating and a one-year price target of $15 per share. Rigetti Computing stock could deliver massive returns, but the stock is a speculative, high-risk play. 10 stocks we like better than Rigetti Computing › Rigetti Computing (NASDAQ: RGTI) stock is rocketing higher in Wednesday's trading thanks to positive analyst coverage and a bullish backdrop for the broader market. The company's share price was up 11.9% as of 3:15 p.m. ET. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) was up 0.4%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up 0.8%. Rising expectations that the Federal Reserve will cut interest rates and news that the U.S. has reached a trade deal with Vietnam are contributing to bullish momentum for Rigetti and the broader market today. The quantum computing specialist's share price is also getting a big boost from Cantor Fitzgerald's new note on the company. Before market open this morning, Cantor issued new coverage that initiated coverage on Rigetti with an overweight rating. The firm also set a one-year price target on the stock of $15 per share. As of this writing, the target suggests additional upside of roughly 19%. While there has been some significant volatility across the stretch, the quantum computing space has generally been red-hot over the last three months. Rigetti Computing stock is up roughly 63% across the time frame. Signs indicate that wide-scale commercial applications for quantum computing are moving closer to being a reality, and it's possible that early investors who back top players in the space will score huge wins over the long term. At the same time, Rigetti faces some tough competition in the space and trades at a highly growth-dependent valuation. With the company valued at approximately 417 times this year's expected sales, investors should approach Rigetti stock with the understanding that its potential to deliver huge returns also comes with a very high level of risk. Before you buy stock in Rigetti Computing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rigetti Computing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $697,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $939,655!* Now, it's worth noting Stock Advisor's total average return is 1,045% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Rigetti Computing Is Skyrocketing Today -- Is the Quantum Computing Stock a Buy? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
5 hours ago
- Business
- Globe and Mail
Rigetti Computing Is Skyrocketing Today -- Is the Quantum Computing Stock a Buy?
Rigetti Computing (NASDAQ: RGTI) stock is rocketing higher in Wednesday's trading thanks to positive analyst coverage and a bullish backdrop for the broader market. The company's share price was up 11.9% as of 3:15 p.m. ET. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) was up 0.4%, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up 0.8%. Rising expectations that the Federal Reserve will cut interest rates and news that the U.S. has reached a trade deal with Vietnam are contributing to bullish momentum for Rigetti and the broader market today. The quantum computing specialist's share price is also getting a big boost from Cantor Fitzgerald's new note on the company. Before market open this morning, Cantor issued new coverage that initiated coverage on Rigetti with an overweight rating. The firm also set a one-year price target on the stock of $15 per share. As of this writing, the target suggests additional upside of roughly 19%. Is Rigetti Computing stock a buy right now? While there has been some significant volatility across the stretch, the quantum computing space has generally been red-hot over the last three months. Rigetti Computing stock is up roughly 63% across the time frame. Signs indicate that wide-scale commercial applications for quantum computing are moving closer to being a reality, and it's possible that early investors who back top players in the space will score huge wins over the long term. At the same time, Rigetti faces some tough competition in the space and trades at a highly growth-dependent valuation. With the company valued at approximately 417 times this year's expected sales, investors should approach Rigetti stock with the understanding that its potential to deliver huge returns also comes with a very high level of risk. Should you invest $1,000 in Rigetti Computing right now? Before you buy stock in Rigetti Computing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Rigetti Computing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $697,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $939,655!* Now, it's worth noting Stock Advisor 's total average return is1,045% — a market-crushing outperformance compared to178%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Yahoo
8 hours ago
- Business
- Yahoo
Why This Analyst Thinks Rigetti Computing Stock Is Headed for $15
Rigetti Computing (RGTI) shares are in focus today, July 2, after Troy Jensen – a Cantor Fitzgerald analyst – assumed coverage of the quantum technology company with an 'Overweight' rating. Jensen expects RGTI shares to hit $15 in the coming months as quantum computing 'remains one of the most coveted technical milestones with enormous economic implications.' Is UnitedHealth Stock a Buy, Sell, or Hold for July 2025? Is MicroStrategy Stock a Buy, Sell, or Hold for July 2025? Circle Just Applied for a Bank Charter. How Should You Play CRCL Stock Here? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. At the time of writing, Rigetti Computing stock is down more than 19% year-to-date. Jensen recommends owning RGTI stock for exposure to quantum computing as it's the leader in superconducting systems, which he said was the most advanced and heavily invested subsector of quantum technology. Rigetti is strongly positioned to accelerate its work on superconducting systems following a recent $35 million equity investment from Quana Computer – the analyst told clients in his research note today. Investors could take heart in the fact that RGTI is working with governments on both sides of the Atlantic on several high-impact quantum research initiatives as well. The quantum computing stock remains attractive also because it's 'making strides in developing innovative approaches to scaling to higher qubit count systems,' according to its chief executive Subodh Kulkarni. Rigetti Computing stock is currently going for a premium price-sales multiple of well over 300x. Still, Troy Jensen favours buying it at current levels as it's, nonetheless, cheaper to own than rivals, including D-Wave (QBTS), with a P/S ratio of close to 500x, according to Barchart. RGTI recorded about $22 million of operating expenses in Q1 but ended the quarter with roughly $238 million in cash, cash equivalents, and available-for-sale investments – which means it's not immediately dependent on external financing to sustain operations. In fact, RGTI shares may be worth owning since the Nasdaq-listed firm even generated nearly $43 million of net income in its latest reported quarter. Rigetti stock is currently up more than 100% versus its year-to-date low – but Wall Street remains convinced that it can extend gains further moving forward. The consensus rating on RGTI shares currently sits at 'Strong Buy' with the mean target of $14.40 indicating potential upside of another 17% from current levels. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12 hours ago
- Business
- Yahoo
Rigetti Gains After Cantor's Bold Call
Rigetti Computing (NASDAQ:RGTI) grabs attention after Cantor Fitzgerald kicks off coverage with an Overweight rating and a $15 price target. Shares ticked up 1.3% in premarket trading as analyst Troy Jensen argued quantum computingthough still in its infancycould reshape industries with enormous economical implications. Jensen notes that investors are already rewarding sector players with meaningful appreciation, even as near-term revenues remain limited and valuations look steep. Rigetti itself bolstered its balance sheet last quarter by raising $350 million through an at-the-market equity offering, ensuring it can continue pushing its Aspen quantum processors and expanding its cloud-based quantum services. Warning! GuruFocus has detected 3 Warning Signs with RGTI. Why It Matters: Cantor's bullish stance and fresh capital raise underscore mounting confidence in Rigetti's path to commercializing quantum hardware and software, signaling that the market may finally be willing to pay up for future breakthrough potential. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20 hours ago
- Business
- Yahoo
Rigetti Computing, Inc. (RGTI) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, Rigetti Computing, Inc. (RGTI) was down 4.47% at $11.33. The stock fell short of the S&P 500, which registered a loss of 0.11% for the day. Meanwhile, the Dow gained 0.91%, and the Nasdaq, a tech-heavy index, lost 0.82%. Coming into today, shares of the company had lost 3.26% in the past month. In that same time, the Computer and Technology sector gained 8.76%, while the S&P 500 gained 5.17%. Market participants will be closely following the financial results of Rigetti Computing, Inc. in its upcoming release. On that day, Rigetti Computing, Inc. is projected to report earnings of -$0.06 per share, which would represent year-over-year growth of 14.29%. Meanwhile, our latest consensus estimate is calling for revenue of $1.91 million, down 38.19% from the prior-year quarter. RGTI's full-year Zacks Consensus Estimates are calling for earnings of -$0.05 per share and revenue of $8.78 million. These results would represent year-over-year changes of +86.11% and -18.63%, respectively. Investors should also take note of any recent adjustments to analyst estimates for Rigetti Computing, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Currently, Rigetti Computing, Inc. is carrying a Zacks Rank of #4 (Sell). The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 40, placing it within the top 17% of over 250 industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rigetti Computing, Inc. (RGTI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
