On May 14, 2025, Needham analyst Quinn Bolton updated his stance on Rigetti Computing (RGTI, Financial), maintaining a "Buy" rating. Despite the consistent rating, the analyst lowered the price target from USD 17.00 to USD 15.00. This adjustment reflects a decrease of approximately 11.76% from the previous price target.
Rigetti Computing (RGTI, Financial), a player in the quantum computing industry, continues to attract attention with its potential for innovation and growth. The revised price target indicates a tempered yet optimistic outlook from Needham, with Quinn Bolton maintaining confidence in the company's prospects despite the lowered price target.
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 50.03% from the current price of $9.87. 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 90.67% from the current price of $9.865. 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.
