Rigetti Computing (RGTI, Financial) has experienced a notable increase in bullish options activity, with a total of 47,931 call options traded—four times the usual volume. This heightened activity has also led to a rise in implied volatility, which now stands at 117.24%, up over 3 percentage points.
The most actively traded options are the Jun-25 10 calls and the April 25 weekly 9.5 calls, collectively accounting for approximately 13,900 contracts. This significant trading volume indicates strong market interest in the stock's potential upside.
Moreover, the Put/Call Ratio for Rigetti Computing is at 0.14, suggesting a dominance of bullish sentiment among traders. Investors are also keeping an eye on Rigetti's upcoming earnings report, scheduled for May 8th, which may further influence trading patterns.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Rigetti Computing Inc (RGTI, Financial) is $14.80 with a high estimate of $17.00 and a low estimate of $12.00. The average target implies an upside of 61.04% from the current price of $9.19. More detailed estimate data can be found on the Rigetti Computing Inc (RGTI) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Rigetti Computing Inc's (RGTI, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Rigetti Computing Inc (RGTI, Financial) in one year is $0.92, suggesting a downside of 89.99% from the current price of $9.19. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Rigetti Computing Inc (RGTI) Summary page.
