Reported 1 day ago
Rigetti Computing, Inc. (NASDAQ: RGTI) is a leading player in quantum-classical computing, recently trading at $17.14. Despite a revenue decline of 10% in 2024 and increased operating losses, the company’s robust cash position of $575 million, bolstered by a significant stock sale, ensures continued investment in R&D. Analysts maintain a 'Strong Buy' rating with a target price of $14.2, citing strong partnerships and technological advantages that position Rigetti well in the growing quantum computing market. Recent grants further validate its technology and expand its collaborations, making it an attractive opportunity for risk-tolerant investors.
Source: YAHOO