RGTI

Alliance Global Partners Initiates Coverage of Rigetti Computing (RGTI) with Buy Recommendation

Fintel reports that on March 1, 2024, Alliance Global Partners initiated coverage of Rigetti Computing (NasdaqCM:RGTI) with a Buy recommendation.

Analyst Price Forecast Suggests 64.96% Upside

As of February 25, 2024, the average one-year price target for Rigetti Computing is 3.06. The forecasts range from a low of 3.03 to a high of $3.15. The average price target represents an increase of 64.96% from its latest reported closing price of 1.86.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Rigetti Computing is 48MM, an increase of 226.30%. The projected annual non-GAAP EPS is -0.46.

What is the Fund Sentiment?

There are 93 funds or institutions reporting positions in Rigetti Computing. This is a decrease of 17 owner(s) or 15.45% in the last quarter. Average portfolio weight of all funds dedicated to RGTI is 0.15%, a decrease of 9.38%. Total shares owned by institutions increased in the last three months by 6.15% to 54,111K shares. RGTI / Rigetti Computing, Inc. Put/Call Ratios The put/call ratio of RGTI is 0.28, indicating a bullish outlook.

What are Other Shareholders Doing?

RGTI / Rigetti Computing, Inc. Shares Held by Institutions

Deer Management Co. holds 21,582K shares representing 12.67% ownership of the company. No change in the last quarter.

American Assets Investment Management holds 8,789K shares representing 5.16% ownership of the company. No change in the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,947K shares representing 1.73% ownership of the company. No change in the last quarter.

Penserra Capital Management holds 2,564K shares representing 1.51% ownership of the company. In it's prior filing, the firm reported owning 2,119K shares, representing an increase of 17.36%. The firm decreased its portfolio allocation in RGTI by 18.39% over the last quarter.

QTUM - Defiance Quantum ETF holds 2,564K shares representing 1.51% ownership of the company. In it's prior filing, the firm reported owning 2,119K shares, representing an increase of 17.36%. The firm decreased its portfolio allocation in RGTI by 23.12% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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