- Rigetti Computing (RGTI, Financial) secures a £3.5 million project for quantum error correction in partnership with Innovate UK's Quantum Missions.
- Analysts forecast a significant upside for Rigetti shares, with a target price of $14.80.
- Current analyst recommendations suggest an "Outperform" status for Rigetti Computing Inc.
Rigetti Computing (RGTI) has made significant strides in the quantum computing landscape by securing a £3.5 million project through Innovate UK's Quantum Missions. This initiative focuses on advancements in quantum error correction, a critical component in developing reliable and efficient quantum computers. By collaborating with Riverlane and the National Quantum Computing Centre (NQCC), Rigetti aims to leverage its superconducting quantum computer to improve fault-tolerant quantum computing capabilities.
Wall Street Analyst Predictions
The outlook for Rigetti Computing Inc (RGTI, Financial) is promising, as evidenced by the one-year price targets provided by five analysts. The average target price is $14.80, with a high of $17.00 and a low of $12.00. This average target represents a potential upside of 72.70% from the current trading price of $8.57. For more comprehensive data, visit the Rigetti Computing Inc (RGTI) Forecast page.
Analyst Recommendations and GF Value
Rigetti Computing Inc's (RGTI, Financial) current brokerage recommendation, according to six firms, is 2.0, indicating an "Outperform" status. The recommendation scale ranges from 1, signifying a Strong Buy, to 5, denoting a Sell position.
Furthermore, GuruFocus estimates the GF Value for Rigetti Computing Inc (RGTI, Financial) at $0.92 in one year, indicating a projected downside of 89.26% from the current price of $8.57. This GF Value reflects GuruFocus' fair market valuation for the stock, calculated based on historical trading multiples, past business growth, and future performance expectations. For further insights, please refer to the Rigetti Computing Inc (RGTI) Summary page.
