B. Riley analyst Craig Ellis raised the firm’s price target on Rigetti Computing (RGTI) to $3.50 from $3 and keeps a Buy rating on the shares. Rigetti Computing reported Q3 sales that were below consensus estimates, though its EPS was more in line, and technology development and customer engagement advanced materially, which lends increased confidence in a more material and sustainable sales inflection around mid-2025, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on RGTI:
- Rigetti Computing Reports Q3 2024 Results and Updates
- Rigetti Computing reports Q3 EPS (8c), consensus (9c)
- RGTI Upcoming Earnings Report: What to Expect?
- Rigetti Computing’s General Counsel Rick Danis Resigns
- Rigetti announces demonstration of low latency quantum error correction
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
