Summary:
- Rigetti Computing (RGTI, Financial) has experienced substantial share price volatility with a 61% drop from its January peak.
- Analysts anticipate an average target price of $14.80, suggesting significant upside potential.
- GuruFocus estimates a notable downside of 90.2%, presenting a stark contrast to analyst expectations.
Rigetti Computing (RGTI) has faced considerable market turbulence, with shares plummeting by 61% from the highs of January. Initially, an innovative breakthrough in quantum computing by Alphabet had propelled its stock upward. However, comments from Nvidia's CEO about the remote possibility of practical quantum computing have since cooled market enthusiasm, casting Rigetti's stock as a precarious choice amid current market volatility.
Wall Street Analysts Forecast
The forecasts from five Wall Street analysts present an encouraging outlook for Rigetti Computing Inc (RGTI, Financial). The analysts have set an average one-year price target of $14.80, with an optimistic high of $17.00 and a cautious low of $12.00. If their average prediction holds true, this represents an impressive upside of 57.61% from the current trading price of $9.39. For a deeper dive into these projections, visit the Rigetti Computing Inc (RGTI) Forecast page.
Additionally, insights from six brokerage firms yield an average recommendation of 2.0 for Rigetti Computing Inc (RGTI, Financial), which indicates an "Outperform" status. This recommendation scale ranges from 1 to 5, where 1 denotes a Strong Buy and 5 signifies a Sell.
GuruFocus Valuation
In contrast to analyst optimism, GuruFocus provides a different perspective with its GF Value estimation for Rigetti Computing Inc (RGTI, Financial). This valuation suggests a fair value of $0.92, indicating a potential downside of 90.2% from the current price of $9.39. The GF Value is calculated based on the historical trading multiples, past business growth, and future performance forecasts. Investors can find more comprehensive data on the Rigetti Computing Inc (RGTI) Summary page.
