Street Calls of the Week
Rigetti Computing Inc stock reached an all-time high of 21.44 USD, marking a significant milestone for the company. With a market capitalization of $6.48 billion, InvestingPro analysis indicates the stock is currently trading above its Fair Value. Over the past year, Rigetti Computing has experienced a remarkable surge, with its stock price increasing by an impressive 2481.71%. While the company maintains strong liquidity with a current ratio of 41.57 and holds more cash than debt, analysts anticipate a sales decline this year. As Rigetti continues to innovate in the quantum computing space, its stock trajectory reflects the market’s optimism about its potential to revolutionize the industry. Discover 15 additional key insights about Rigetti Computing with a comprehensive InvestingPro subscription.
In other recent news, Rigetti Computing reported its second-quarter 2025 earnings, revealing a revenue of $1.8 million, which did not meet the forecasted $1.87 million. The company’s earnings per share also fell short of expectations, recording a loss of $0.05. Despite the earnings miss, analyst firms have shown optimism about Rigetti’s future. Benchmark raised its price target for Rigetti to $20.00 from $14.00, citing the company’s strong second-quarter results and progress on its chiplet-based scaling strategy. Cantor Fitzgerald also increased its price target to $18.00 from $15.00, highlighting the market potential and maintaining an Overweight rating. Needham reiterated its Buy rating and maintained an $18.00 price target, noting Rigetti’s revenue performance exceeded its own projections. These developments indicate continued analyst confidence in Rigetti’s growth prospects despite the recent earnings shortfall.
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