- Rigetti Computing (RGTI, Financial) achieves a new milestone with 99.5% median two-qubit gate fidelity on its 36-qubit system.
- Analysts provide an average price target indicating a 16.61% upside potential.
- Consensus recommendation places Rigetti at an "Outperform" with an average rating of 2.0.
Rigetti's Quantum Leap Forward
Exciting developments are underway at Rigetti Computing (RGTI), as the company marks a pivotal achievement in its quantum computing capabilities. The landmark 99.5% median two-qubit gate fidelity on their modular 36-qubit system signals a remarkable enhancement over the earlier Ankaa-3 chip. The strategic release of this 36-qubit platform is scheduled for August 15, pushing Rigetti closer to its ambitious target of a 100+ qubit system by 2025.
Wall Street Analysts' Perspectives
According to insights from six Wall Street analysts, the estimated one-year price target for Rigetti Computing Inc (RGTI, Financial) is pegged at an average of $14.83. This range spans from a high of $16.00 to a low of $14.00, suggesting a promising upside potential of 16.61% from the current trading price of $12.72. Investors seeking detailed price projection data can explore the Rigetti Computing Inc (RGTI) Forecast page.
Moreover, the consensus recommendation from seven brokerage firms assigns Rigetti an average brokerage recommendation score of 2.0, categorizing it as "Outperform." The rating framework ranges from 1, which indicates a "Strong Buy," to 5, signifying a "Sell" stance.
Assessing the GF Value
In contrast, GuruFocus estimates propose a different perspective. The estimated GF Value for Rigetti Computing Inc (RGTI, Financial) within a year is calculated to be $0.80. This valuation projects a significant downside of 93.71% from the current share price of $12.72. The GF Value is derived from GuruFocus' proprietary formula, considering historical trading multiples, past business growth, and anticipated future performance. For a deeper dive, visit the Rigetti Computing Inc (RGTI) Summary page.
