Rigetti ComputingRGTI
RGTI
About: Rigetti Computing Inc is engaged in the business of full-stack quantum computing. Its proprietary quantum-classical infrastructure provides ultra-low latency integration with public and private clouds for high-performance practical quantum computing. The company has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. Geographically, it derives a majority of its revenue from the United States.
Employees: 144
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
50% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 20
27% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 15
15% more call options, than puts
Call options by funds: $294K | Put options by funds: $256K
4% more funds holding
Funds holding: 92 [Q2] → 96 (+4) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]
3.98% less ownership
Funds ownership: 39.87% [Q2] → 35.89% (-3.98%) [Q3]
23% less capital invested
Capital invested by funds: $73.3M [Q2] → $56.6M (-$16.6M) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$2
79%
downside
Avg. target
$5.13
45%
downside
High target
$12
28%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
Craig-Hallum Richard Shannon 77% 1-year accuracy 34 / 44 met price target | 28%upside $12 | Buy Initiated | 20 Dec 2024 |
B. Riley Securities Craig Ellis 28% 1-year accuracy 17 / 60 met price target | 57%downside $4 | Buy Maintained | 25 Nov 2024 |
Benchmark David Williams 60% 1-year accuracy 29 / 48 met price target | 73%downside $2.50 | Buy Reiterated | 14 Nov 2024 |
Needham Quinn Bolton 50% 1-year accuracy 66 / 131 met price target | 79%downside $2 | Buy Reiterated | 13 Nov 2024 |
Financial journalist opinion
Based on 31 articles about RGTI published over the past 30 days
Positive
Zacks Investment Research
15 hours ago
Is Under $10 RGTI Stock the Next 2025 NVIDIA, and Is It a Buy?
Wall Street's interest in quantum computing is growing daily, with market participants expecting it to have the same impact as generative artificial intelligence (AI) in the new year. As a result, a $2 billion quantum computing stock Rigetti Computing, Inc. RGTI has outperformed $3.2 trillion NVIDIA Corporation NVDA this year by a substantial margin (+495.3% vs.
Positive
MarketBeat
21 hours ago
2 Underrated Quantum Computing Companies Starting to Rally
At the end of 2024, advances in quantum computing technology seemed to arrive at a dizzying pace. The race to develop this promising, game-changing technology seems to only be speeding up.
Neutral
The Motley Fool
22 hours ago
Massive News for Rigetti Stock Investors
Rigetti (RGTI -30.12%) stock investors got great news that could have long-term implications for shareholders.
Positive
Zacks Investment Research
1 day ago
Rigetti Computing Surges 692% in a Month: Is There More Room to Jump?
RGTI benefits from an expanding clientele and its growing influence in the quantum computing space despite quantum market challenges.
Neutral
Barrons
2 days ago
Quantum Computing Stocks Are Flying. Investors Should Brace for a Long Haul.
Three small computer companies doing quantum computing have seen their shares soar in value.
Positive
Finbold
2 days ago
This Quantum Computing stock surged over 700% in just one month
The quantum computing industry is emerging as one of the most dynamic investment frontiers, driven by surging interest from both commercial and government sectors.
Positive
Seeking Alpha
2 days ago
Undercovered ETFs: Quantum Computing, India, Digital Assets, Small Caps +
The 'Undercovered' Dozen series highlights lesser-covered ETFs, offering insights from various authors on potential investment opportunities and trends in this space. For Bitcoin exposure, Geneva Investor looks at the ARK 21Shares Bitcoin ETF which offers a simple, tax-efficient way to invest, tracking the CME CF Bitcoin Reference Rate. The WisdomTree India Earnings Fund ETF is David Johnson's top 2025 strong buy idea due to its portfolio of profitable Indian companies, benefiting from favorable demographics and U.S.-India relations.
Positive
Zacks Investment Research
3 days ago
Rigetti Computing, Inc. (RGTI) is Attracting Investor Attention: Here is What You Should Know
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.
Positive
Forbes
3 days ago
What's Behind The 500% Rise In RGTI Stock?
Despite a 500% rise in a month, the stock price of Rigetti Computing (NASDAQ: RGTI), a quantum computing company, could potentially see much higher levels. Unlike conventional computers that operate using binary bits that can only be either one or zero at any given moment, quantum computers employ qubits that can simultaneously exist in multiple states.
Positive
Seeking Alpha
4 days ago
Quantum Stocks Leap
Alphabet has continued to surge higher since last week following news about its Willow quantum computing chip. The stock's recent jump higher has taken it back to new all-time highs. Since the Willow chip news from Google, smaller companies focused on quantum computing have skyrocketed. During bull markets, you often see short bursts higher like this in speculative industries due to the "FOMO" trade (fear of missing out), and they often end in tears.
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