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Yahoo
a day ago
- Business
- Yahoo
Rigetti (RGTI) Computing Declines 9.4% as Analyst Says 'Sell'
Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the Rigetti Computing dropped its share prices by 9.44 percent week-on-week as investor sentiment was dragged down by an investment company's pessimistic comments about its stock. In a market note last week, Zacks Research gave Rigetti Computing, Inc. (NASDAQ:RGTI) a 'sell' recommendation, taking path from the first quarter's surprisingly disappointing earnings results and expectations that it will carry over to its next earnings results. '[Rigetti Computing, Inc. (NASDAQ:RGTI)] reported revenues of $1.47 million in the last reported quarter, representing a year-over-year change of -51.8 percent. EPS of -$0.08 for the same period compares with -$0.14 a year ago. Compared to the Zacks Consensus Estimate of $2.46 million, the reported revenues represent a surprise of -40.16 percent. The EPS surprise was -60 percent,' Zacks Research underscored. A close up of an engineer typing at a quantum computing station in a modern office space. 'Over the last four quarters, the company surpassed EPS estimates just once. The company topped consensus revenue estimates times over this period,' it added. According to Zacks Research, Rigetti Computing, Inc. (NASDAQ:RGTI) is currently trading at a premium to its peers, having returned 21.5 percent over the past month, while the Internet/Software industry, to which it belongs, gained by only 2.7 percent during the period. While we acknowledge the potential of RGTI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 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
5 days ago
- Business
- Yahoo
Albermarle Corp. (ALB) Jumps 7.2% on Bullish Rating
Albermarle Corporation (NYSE:ALB) is one of . Albermarle Corp. rebounded by 7.21 percent on Tuesday to close at $70.22 apiece as investor sentiment was bolstered by an investment firm's bullish rating for its stock. In a market note, Jefferies reaffirmed its 'buy' recommendation for Albermarle Corporation (NYSE:ALB), but lowered its price target for its stock to $84 from $85 previously. Still, the new figure marked a 19.6-percent upside from its latest closing price. Meanwhile, Albermarle Corporation (NYSE:ALB) earned a more conservative 'Hold' recommendation from Zacks Research, on expectations that it would post sales of $1.21 billion for the current quarter or a -15 percent change year-on-year. A team of scientists in a laboratory observing the sophisticated engineering of specialty chemicals. Meanwhile, it sees the company recording $4.86 billion and $5.35 billion in sales for the current and next fiscal years indicating changes of -9.5 percent and +9.9 percent, respectively. Albermarle Corporation (NYSE:ALB) is a US-based specialty chemicals manufacturing company that serves various industries, including agriculture, automotive, aviation, building and construction, among others. While we acknowledge the potential of ALB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
04-07-2025
- Automotive
- Yahoo
Will Tesla's Worst-Ever Q2 Vehicle Sales Drop Shake its ETFs?
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 Tesla, Inc. (TSLA) : Free Stock Analysis Report Consumer Discretionary Select Sector SPDR ETF (XLY): ETF Research Reports Vanguard Consumer Discretionary ETF (VCR): ETF Research Reports Fidelity MSCI Consumer Discretionary Index ETF (FDIS): ETF Research Reports 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
Yahoo
03-07-2025
- Business
- Yahoo
Builders FirstSource (BLDR) Jumps 8.7% as Investors Scoop Up 'Undervalued' Stocks
Builders FirstSource, Inc. (NYSE:BLDR) is one of . Builders FirstSource rallied by 8.76 percent on Tuesday to close at $126.91 as investors gobbled up shares amid an analyst comment that the stock is currently undervalued. In a market report on Tuesday, Zacks Research assigned a 'B' grade to Builders FirstSource, Inc. (NYSE:BLDR), in the belief that the stock is currently 'trading at a discount to its peers.' The assessment is a value style score that pays close attention to both traditional and unconventional valuation metrics, with grade A being the highest and grade F being the lowest. In line with the rating, Builders FirstSource, Inc. (NYSE:BLDR) currently bears a Zacks Rank #3 or a 'hold' recommendation on its stock on expectations that it may perform in line with the broader market in the near term. A crane lifting a truss during the construction of a new building. Builders FirstSource, Inc. (NYSE:BLDR) is one of the leading suppliers of structural building products in the US. Its 600 stores are present across 43 states in the US. While we acknowledge the potential of BLDR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. 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
03-07-2025
- Business
- Yahoo
Builders FirstSource (BLDR) Jumps 8.7% as Investors Scoop Up 'Undervalued' Stocks
Builders FirstSource, Inc. (NYSE:BLDR) is one of . Builders FirstSource rallied by 8.76 percent on Tuesday to close at $126.91 as investors gobbled up shares amid an analyst comment that the stock is currently undervalued. In a market report on Tuesday, Zacks Research assigned a 'B' grade to Builders FirstSource, Inc. (NYSE:BLDR), in the belief that the stock is currently 'trading at a discount to its peers.' The assessment is a value style score that pays close attention to both traditional and unconventional valuation metrics, with grade A being the highest and grade F being the lowest. In line with the rating, Builders FirstSource, Inc. (NYSE:BLDR) currently bears a Zacks Rank #3 or a 'hold' recommendation on its stock on expectations that it may perform in line with the broader market in the near term. A crane lifting a truss during the construction of a new building. Builders FirstSource, Inc. (NYSE:BLDR) is one of the leading suppliers of structural building products in the US. Its 600 stores are present across 43 states in the US. While we acknowledge the potential of BLDR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
