Analysts at Cantor Fitzgerald initiated coverage on shares of Rigetti Computing (NASDAQ:RGTI – Get Free Report) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $15.00 price target on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 13.56% from the company’s current price.
Several other equities analysts have also weighed in on the stock. Alliance Global Partners reaffirmed a “buy” rating on shares of Rigetti Computing in a research report on Thursday, March 6th. Needham & Company LLC cut their price objective on Rigetti Computing from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, May 14th. Finally, Benchmark reissued a “buy” rating and issued a $14.00 price objective on shares of Rigetti Computing in a research note on Thursday, May 15th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $14.20.
Get Our Latest Stock Report on Rigetti Computing
Rigetti Computing Price Performance
Hedge Funds Weigh In On Rigetti Computing
Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC bought a new position in Rigetti Computing during the fourth quarter worth $25,000. GAMMA Investing LLC increased its holdings in shares of Rigetti Computing by 1,813.0% during the 1st quarter. GAMMA Investing LLC now owns 3,233 shares of the company’s stock worth $26,000 after purchasing an additional 3,064 shares during the period. EverSource Wealth Advisors LLC bought a new position in shares of Rigetti Computing during the 4th quarter worth about $28,000. Center for Financial Planning Inc. bought a new position in shares of Rigetti Computing during the 1st quarter worth about $30,000. Finally, Quarry LP bought a new position in Rigetti Computing during the first quarter valued at about $31,000. Institutional investors own 35.38% of the company’s stock.
Rigetti Computing Company Profile
Rigetti Computing, Inc, through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service.
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