Why Shares of Rigetti Computing Are Soaring Today

A Wall Street firm maintained its buy rating on the stock and raised its price target. Shares of Rigetti Computing (RGTI 5.52%) traded nearly 10% higher, as of 10:49 a.m. ET today, after a Wall Street analyst raised his price target on the stock and reiterated a buy rating on the name. Industry momentum is building Needham analyst Quinn Bolton increased his price target on Rigetti by $3 to $18 per share, implying about 15% upside from current levels. Bolton believes there is momentum in the quantum computin ...