Highlights:
- Rigetti Computing (RGTI, Financial) shares fell 6% after missing revenue estimates.
- Analysts foresee a 28.14% upside potential, with a one-year target price of $14.80.
- GuruFocus estimates suggest a 92.03% downside from current prices.
Rigetti Computing (NASDAQ: RGTI) recently experienced a 6% dip in share value, following the announcement of its first-quarter financial results. Reporting $22.1 million in operating expenses, the company also posted revenue figures of $1.47 million, falling short of the projected $2.56 million. Nevertheless, Rigetti maintains its focus on advancing quantum computing endeavors, showing resilience in the face of financial hurdles.
Wall Street Analysts Forecast
Five analysts have provided a one-year price target for Rigetti Computing Inc (NASDAQ: RGTI), averaging $14.80, with projections ranging from $12.00 to $17.00. This average target suggests a potential upside of 28.14% from the current trading price of $11.55. Investors looking for more detailed forecast data can find it on our Rigetti Computing Inc (RGTI, Financial) Forecast page.
Brokerage Recommendations
The consensus from six brokerage firms rates Rigetti Computing Inc (RGTI, Financial) at a 2.0 on a scale where 1 signifies a "Strong Buy" and 5 signifies "Sell," placing the stock in the "Outperform" category. This suggests optimism among analysts regarding the company's potential for growth.
GuruFocus GF Value Assessment
In terms of valuation, the GuruFocus GF Value estimate for Rigetti Computing Inc (RGTI, Financial) in one year is $0.92. This implies a significant downside of 92.03% from its current price of $11.55. The GF Value is generated using historical trading multiples, past business growth, and future performance estimates, providing a comprehensive valuation model. For a deeper dive into the numbers, visit the Rigetti Computing Inc (RGTI) Summary page.
For investors, Rigetti Computing's latest financial results and future projections present both opportunities and challenges that warrant careful analysis and consideration.
