On July 2, 2025, Cantor Fitzgerald analyst Troy Jensen initiated coverage on Rigetti Computing (RGTI, Financial) with an "Overweight" rating. The report marks a significant milestone for the company as it garners attention from major financial analysts.
In his coverage, Jensen announced a price target of $15.00 USD for RGTI. This price target reflects the analyst's optimism regarding Rigetti Computing's potential in the market. The announcement did not include a prior price target as it was an initiation of coverage.
The analyst's rating of "Overweight" suggests that Rigetti Computing (RGTI, Financial) is expected to outperform relative to the average total return of stocks in the analyst's coverage universe over the next 12 months. This positive outlook underlines the confidence in RGTI's future performance within the competitive landscape of quantum computing.
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 $16.00 and a low estimate of $14.00. The average target implies an upside of 30.63% from the current price of $11.33. 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 $0.80, suggesting a downside of 92.94% from the current price of $11.33. 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.
