Key Takeaways:
- Rigetti Computing's recent securities filing suggests strategic fundraising initiatives.
- Analysts foresee a price target increase with an "Outperform" consensus recommendation.
- Despite positive analyst outlook, GuruFocus estimates a significant downside in GF Value.
Rigetti Computing (RGTI, Financial), a prominent name in the quantum computing industry, has made a strategic move by submitting an automatic mixed securities shelf filing. This financial maneuver opens the door for the company to issue a variety of securities, hinting at possible plans for future capital raising or adjustments to its capital structure.
Wall Street Analysts Forecast
Recent insights from five analysts suggest an average one-year price target for Rigetti Computing Inc (RGTI, Financial) of $14.80, with projections ranging from a high of $16.00 to a low of $14.00. This average price target indicates a potential upside of 12.55% from its current trading price of $13.15. Investors can access more comprehensive projection details on the Rigetti Computing Inc (RGTI) Forecast page.
Rigetti Computing Inc (RGTI, Financial) enjoys an average brokerage recommendation of 2.0 from six brokerage firms, signaling an "Outperform" status. This recommendation scale ranges from 1, indicating a Strong Buy, to 5, which represents a Sell.
However, when examining GuruFocus estimates, the estimated GF Value for Rigetti Computing Inc (RGTI, Financial) over the coming year is projected at $0.70. This implies a significant downside of 94.68% from the present stock price of $13.15. The GF Value is a proprietary metric by GuruFocus, reflecting the fair value at which the stock should be trading. This valuation is derived from historical multiples, past business growth, and future performance projections. Investors looking for more detailed analysis can visit the Rigetti Computing Inc (RGTI) Summary page.
