Rigetti Computing Inc. (RGTI, Financial) has experienced a notable 11.07% increase, reaching a stock price of $8.33. This upward trajectory aligns with a broader surge in AI stocks and is further amplified by Defiance ETFs' recent launch of RGTX, a leveraged ETF designed to offer enhanced exposure to Rigetti, a frontrunner in quantum computing.
Key Takeaways
- RGTI sees a significant price increase amidst AI stock momentum.
- Defiance ETFs introduces leverage to bolster exposure to Rigetti.
- Wall Street has mixed forecasts with a high target of $17.00 and a GF Value proposition indicating potential downside.
Wall Street Analysts Forecast
In examining the one-year price targets projected by five analysts, Rigetti Computing Inc (RGTI, Financial) is anticipated to average $14.80, with estimates spanning a high of $17.00 and a low of $12.00. This average target suggests a promising upside of 57.61% from its current standing of $9.39. For a more in-depth analysis, investors can visit the Rigetti Computing Inc (RGTI) Forecast page.
Further insight from six brokerage firms positions Rigetti Computing Inc's (RGTI, Financial) brokerage recommendation at an average of 2.0, interpreted as an "Outperform" rating. This recommendation is set on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 suggests a Sell.
GF Value Estimate
According to GuruFocus calculations, the estimated GF Value for Rigetti Computing Inc (RGTI, Financial) forecasts a value of $0.92 within a year. This implies a substantial downside of 90.2% from its current price of $9.39. The GF Value reflects GuruFocus' assessment of a stock's fair trading value, determined by historical trading multiples, past growth, and future business performance predictions. For a comprehensive overview, visit the Rigetti Computing Inc (RGTI) Summary page.
