Rigetti Computing (RGTI) Soars 42.2%: Is Further Upside Left in the Stock?

Group 1: Rigetti Computing, Inc. (RGTI) - RGTI shares increased by 42.2% in the last trading session, closing at $13.98, with significantly higher trading volume compared to normal sessions [1] - The stock had previously experienced a 10.3% loss over the past four weeks, indicating a strong rebound [1] - RGTI is benefiting from an expanding clientele and growing influence in the quantum computing sector [1] Group 2: Financial Expectations - RGTI is expected to report a quarterly loss of $0.08 per share, reflecting an 11.1% year-over-year change, with revenues projected at $2.4 million, down 29% from the previous year [2] - The consensus EPS estimate for RGTI has remained unchanged over the last 30 days, suggesting that stock price movements may not sustain without earnings estimate revisions [3] Group 3: Industry Context - RGTI is part of the Zacks Internet - Software industry, where Asana, Inc. (ASAN) also operates, with ASAN's stock rising 5.6% to $20.42 in the last trading session [3] - ASAN's consensus EPS estimate has remained unchanged at -$0.01, representing a 75% improvement from the previous year, and it currently holds a Zacks Rank of 2 (Buy) [4]