Rigetti Computing, Inc. (RGTI) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this company have returned +16.7%, compared to the Zacks S&P 500 composite's +3.8% change. During this period, the Zacks Computer - Software industry, which Rigetti Computing falls in, has lost 1.5%. The key question now is: What could be the stock's future direction? W ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Rigetti Computing, Inc. (RGTI) . Rigetti Computing currently has ...

Company Performance - Rigetti Computing, Inc. (RGTI) closed at $0.78, reflecting a -0.74% change from the previous day, underperforming the S&P 500 which gained 0.97% [1] - Over the past month, shares of Rigetti have appreciated by 14.04%, outperforming the Computer and Technology sector's gain of 8.21% and the S&P 500's gain of 5.41% [1] Earnings Expectations - Analysts expect Rigetti to report earnings of -$0.08 per share, indicating a year-over-year growth of 38.46% [2] - The consensus estimate for revenue is $3.33 million, representing a 7.07% increase compared to the same quarter of the previous year [2] Full Year Projections - For the full year, Zacks Consensus Estimates project earnings of -$0.34 per share and revenue of $12.82 million, showing changes of +35.85% and +6.77% respectively from the previous year [3] Analyst Projections - Recent shifts in analyst projections for Rigetti are important as they reflect near-term business trends, with positive revisions indicating analysts' confidence in the company's performance [4] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a track record of success, with 1 stocks delivering an average annual return of +25% since 1988 [6] - Rigetti currently holds a Zacks Rank of 3 (Hold), with the consensus EPS projection remaining stagnant over the past 30 days [6] Industry Context - The Computer - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 66, placing it in the top 27% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - Rigetti Computing, Inc. (RGTI) has shown a stock return of +4.2% over the past month, slightly underperforming the Zacks S&P 500 composite's +4.3% change, while the Zacks Computer - Software industry gained 3.9% during the same period [1] Earnings Estimate Revisions - The consensus estimate for Rigetti Computing's current quarter indicates a loss of $0.08 per share, reflecting a year-over-year change of +38.5% [4] - The consensus earnings estimate for the current fiscal year is -$0.34, showing a year-over-year change of +35.9%, which has remained unchanged over the last 30 days [4] - For the next fiscal year, the consensus estimate of -$0.26 indicates a change of +23.5% from the previous year, with no changes in the estimate over the past month [5] Revenue Growth - The consensus sales estimate for the current quarter is $3.33 million, representing a year-over-year change of +7.1% [8] - The sales estimates for the current and next fiscal years are $12.82 million and $19.09 million, indicating changes of +6.8% and +48.9%, respectively [8] Last Reported Results and Surprise History - In the last reported quarter, Rigetti Computing generated revenues of $3.09 million, a year-over-year decline of -7.2%, with an EPS of -$0.07 compared to -$0.13 a year ago [9] - The reported revenues were below the Zacks Consensus Estimate of $3.53 million, resulting in a revenue surprise of -12.58%, while the EPS surprise was +30% [10] - Over the last four quarters, the company surpassed EPS estimates only once and did not meet consensus revenue estimates in any of the last four quarters [10] Valuation - Rigetti Computing is graded F in the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [14] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for determining whether the stock is overvalued, fairly valued, or undervalued [12][13] Conclusion - The Zacks Rank 3 suggests that Rigetti Computing may perform in line with the broader market in the near term, despite the mixed signals from earnings estimates and valuation metrics [15]

BERKELEY, Calif., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that Rigetti CEO, Dr. Subodh Kulkarni, will be a speaker at the second annual Stanford Conference on Technology + National Security. The conference is hosted by Stanford DEFCON, a student network under the purview of the Gordian Knot Center for National Security Innovation at Stanford University, and will be held October 8-9 ...

Rigetti Computing, Inc. (RGTI) closed at $0.77 in the latest trading session, marking a +1.62% move from the prior day. This change outpaced the S&P 500's 0.01% gain on the day. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq gained 0.08%. Shares of the company witnessed a loss of 9.41% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 1.03% and the S&P 500's gain of 1.21%. The investment community will be closely monitoring the perform ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Rigetti Computing, Inc. (RGTI) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Rigetti Computing currently has an average bro ...

Rigetti Computing, Inc. (RGTI) closed the most recent trading day at $0.76, moving -0.65% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.25% for the day. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, added 0.56%. Shares of the company witnessed a loss of 19.13% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 0.11% and the S&P 500's gain of 1.65%. The investment community will ...

Rigetti Computing, Inc. (RGTI) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this company have returned -19.1% over the past month versus the Zacks S&P 500 composite's +1.7% change. The Zacks Computer - Software industry, to which Rigetti Computing belongs, has gained 4.3% over this period. Now the key question is: Where could the stock be headed in th ...

Rigetti Computing, Inc. (RGTI) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this company have returned -18.2%, compared to the Zacks S&P 500 composite's +2.9% change. During this period, the Zacks Computer - Software industry, which Rigetti Computing falls in, has gained 2.9%. The key question now is: What could be the stock's future direction? ...