Key Takeaways:
- Rigetti Computing (RGTI, Financial) boasts a robust average brokerage recommendation of 1.17, reflecting a strong buy consensus.
- Analysts' price targets suggest a significant potential upside of 83.42% from the current stock price.
- Despite positive brokerage sentiments, GuruFocus estimates indicate a potential downside in the stock's value.
Rigetti Computing's Strong Buy Recommendation
Rigetti Computing (RGTI) has captured investor attention with its impressive average brokerage recommendation (ABR) of 1.17. This robust score signals a strong buy consensus among analysts, indicating widespread confidence in the company's prospects. Complementing this view, the Zacks Rank has awarded Rigetti Computing a #2 (Buy) status, highlighting the positive momentum in its earnings estimate revisions and its promising near-term price potential.
Analysts' Price Targets: A Promising Upside
Delving into Wall Street analysts' forecasts, Rigetti Computing Inc (RGTI, Financial) shows an average target price of $14.80, as computed by 5 analysts. This target encompasses a high estimate of $17.00 and a low estimate of $12.00. Given the current price of $8.07, these targets suggest an enticing potential upside of 83.42%. For detailed estimation data, visit the Rigetti Computing Inc (RGTI) Forecast page.
The consensus recommendation from 6 brokerage firms positions Rigetti Computing Inc (RGTI, Financial) with an average brokerage recommendation of 2.0, indicating an "Outperform" status. This rating scale, ranging from 1 (Strong Buy) to 5 (Sell), underscores the stock's favored standing among analysts.
GuruFocus GF Value: A Cautionary Perspective
In contrast to the optimistic analyst outlook, GuruFocus presents a more cautious valuation. The estimated GF Value for Rigetti Computing Inc (RGTI, Financial) in one year stands at $0.92. This figure projects a potential downside of 88.6% from the current price of $8.0688. The GF Value represents GuruFocus' assessment of the fair value at which the stock should be traded, based on historical trading multiples, past business growth, and future business performance estimates. More comprehensive insights are available on the Rigetti Computing Inc (RGTI) Summary page.
