Rigetti Computing Shares Surge After Bullish Analyst Coverage

Shares of Rigetti Computing (NASDAQ: RGTI), a company focused on quantum computing, soared over 15% on Wednesday following new analyst coverage. The surge came after investment bank Cantor Fitzgerald began recommending the stock with an 'overweight' rating and a $15 price target. This suggests potential for further gains of about 20% from current prices.

The rise in Rigetti's stock follows a strong year in which the company's share price climbed more than 1,000%. The company's recent performance and growing interest in the quantum computing industry have attracted attention from both investors and analysts.

Other quantum computing stocks, such as D-Wave Quantum (QBTS) and IonQ (IONQ), also gained after favorable analyst coverage. However, experts note that while the potential for quantum computing is significant, the industry is becoming increasingly crowded, and risks remain high.

Rigetti Computing specializes in developing quantum computers for research and industry use. Interest in this area continues to grow as quantum computing promises to revolutionize sectors like artificial intelligence and drug discovery.

Quantum Computing Stock Lands Another 'Buy' Rating

Schaeffers Research

Quantum computing leader Rigetti Computing Inc (NASDAQ:RGTI) is surging this morning, up 8.3% at $12.27 at last look, after Cantor Fitzgerald initiated coverage on the equity with an "overweight" rating and $15 price target.

Analyst: buy Rigetti stock as it warms up to blow past its May high

Invezz

Rigetti Computing Inc (NASDAQ: RGTI) is inching up this morning after Troy Jensen, a Cantor Fitzgerald analyst, issued a bullish note in its favour. Jensen recommended loading up on RGTI shares at current levels in his research note, saying they are strongly positioned to blow past its May high.

Analyst Names RGTI, IONQ & QBTS as Buys in Crowded Quantum Space

Schwab Network

Several quantum stocks like Rigetti Computing (RGTI), D-Wave Quantum (QBTS), and IonQ Inc. (IONQ) rallied after Cantor Fitzgerald initiated coverage with buy ratings. George Tsilis notes the risk-reward outlook remains highs for the stocks, but warns investors not to get lost in the industry as it b...

Quantum Computing's Dark Horse Rigetti Stands At The Edge Of Greatness

Benzinga

Rigetti Computing RGTI is back in the spotlight. After a punishing stretch in 2022 and 2023, the quantum computing firm has staged a remarkable turnaround—its stock soaring more than 1,000% over the past year.

Rigetti Computing Is Skyrocketing Today -- Is the Quantum Computing Stock a Buy?

The Motley Fool

Rigetti Computing (RGTI 15.45%) stock is rocketing higher in Wednesday's trading thanks to positive analyst coverage and a bullish backdrop for the broader market. The company's share price was up 11.9% as of 3:15 p.m.

Why Rigetti Computing Stock Lit Up Today

The Motley Fool

Rigetti Computing (RGTI 15.45%) surged ahead to close up 15.5% Wednesday after investment bank Cantor Fitzgerald initiated coverage of the quantum computing stock with an outperform rating (i.e., buy) and a $15 price target -- which, if correct, implies Rigetti stock could go up another 20% over the...

Why Quantum Computing Stock Skyrocketed Today

The Motley Fool

Quantum Computing (QUBT 10.94%) stock recorded a day of big gains in Wednesday's trading. The tech specialist's share price rose 10.8% in a daily session that saw the S&P 500 rise 0.4% and the Nasdaq Composite jump 0.9%.

Quantum Computing Stocks: Billion-Dollar Groundbreaking Opportunity or Money Sin...

24/7 Wall Street

Key Points in This Article: Quantum computing's potential to revolutionize industries like drug discovery and AI drives significant interest, with projections of a massive market by 2040.

What's Next For Rigetti Stock?

Forbes

Rigetti Computing (NASDAQ: RGTI), a company specializing in quantum computing, experienced a 15% increase on July 2 — a significant movement that concluded nearly a 70% rise over the preceding four months. The recent surge followed Cantor Fitzgerald starting coverage with an Overweight rating and a...

Rigetti Computing: Cantor's Bullish Call May Be Just the Start

MarketBeat

Wall Street is taking a fresh, bullish look at quantum computing pioneer Rigetti Computing NASDAQ: RGTI. For months, investors have weighed the company's incredible long-term promise against the high costs of developing its technology.

Quantum Stock Watch: Bullish Analyst Coverage On IonQ, D-Wave, Rigetti Computing

Benzinga

Quantum computing stocks had a big week with a completed offering and bullish analyst coverage of several stocks.

Rigetti Computing, Inc. (RGTI) Outperforms Broader Market: What You Need to Know

Zacks Investment Research

Rigetti Computing, Inc. (RGTI) concluded the recent trading session at $13.45, signifying a +2.83% move from its prior day's close.

Should You Buy Rigetti Computing Stock for Less Than $15?

The Motley Fool

For the last few years, artificial intelligence (AI) has emerged as a forceful megatrend fueling the stock market to new heights.

Is Rigetti Computing the Top Quantum Computing Stock for the Second Half of 2025...

The Motley Fool

Quantum computing is an exciting investment field that could heat up during the second half of 2025. More and more systems are being sold for research purposes, and Rigetti Computing's (RGTI 2.45%) systems are among the best.

Investors Heavily Search Rigetti Computing, Inc. (RGTI): Here is What You Need t...

Zacks Investment Research

Rigetti Computing (RGTI) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

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