Schaeffers Investment Researchยท2025-07-02 14:59Core Insights - Rigetti Computing Inc (NASDAQ:RGTI) is experiencing a significant stock surge of 8.3%, reaching $12.27, following Cantor Fitzgerald's initiation of coverage with an "overweight" rating and a price target of $15, highlighting the potential of quantum computing technology as a highly coveted milestone [1] - Despite a strong start in 2024, Rigetti's stock is down 21% year-to-date, with the 100-day moving average providing support and the stock approaching a recent ceiling at $12 [2] - The options market shows a potential shift in sentiment, with a 10-day put/call volume ratio of 1.19 indicating higher bearish sentiment compared to the past year, which could lead to positive momentum for the stock [3] - Call options are currently favored, with 49,000 calls traded, significantly higher than the average intraday volume, and the July 15 call being the most popular [4]