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Rigetti (RGTI) Rated Buy on Quantum Computing Growth Potential
Yahoo Finance· 2026-03-31 08:46
Group 1 - Rigetti Computing Inc. (NASDAQ:RGTI) is considered a stock with potential to increase tenfold over the next decade, with a recent Buy rating and a $40 price target from Rosenblatt following its fourth-quarter fiscal 2025 results [1] - The company's earnings per share (EPS) for the quarter was -$0.03, aligning with analyst expectations, but revenue was reported at $1.9 million, significantly below the anticipated $2.32 million [1] - Rigetti has resolved a fidelity issue with its Cepheus-1-108Q machine and plans to achieve a performance of 99.5% by the end of March, showcasing the benefits of having its own fabrication facility [2] Group 2 - Needham has also maintained a Buy rating on Rigetti while reducing its stock price target from $51 to $31 due to sector compression, but has increased the fiscal 2026 revenue estimate from $18.5 million to $21.0 million, driven by rising system sales [3] - Rigetti Computing specializes in quantum computing and semiconductor hardware, designing and building superconducting quantum processors, and offers quantum-computing-as-a-service through its cloud-based platform to various partners [4]