Rigetti Computing, Inc. (NASDAQ:RGTI - Free Report) - Equities research analysts at Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for shares of Rigetti Computing in a research report issued on Wednesday, July 2nd. Cantor Fitzgerald analyst T. Jensen forecasts that the company will post earnings per share of ($0.25) for the year. Cantor Fitzgerald has a "Overweight" rating and a $15.00 price target on the stock. The consensus estimate for Rigetti Computing's current full-year earnings is ($0.34) per share. Cantor Fitzgerald also issued estimates for Rigetti Computing's FY2026 earnings at ($0.26) EPS.
Several other analysts have also issued reports on RGTI. Benchmark reaffirmed a "buy" rating and set a $14.00 price target on shares of Rigetti Computing in a research report on Thursday, May 15th. Needham & Company LLC dropped their target price on shares of Rigetti Computing from $17.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $14.20.
Check Out Our Latest Research Report on Rigetti Computing
Rigetti Computing Stock Up 2.2%
Shares of NASDAQ RGTI traded up $0.30 during trading hours on Friday, hitting $13.75. The company had a trading volume of 50,209,743 shares, compared to its average volume of 59,127,144. Rigetti Computing has a 1-year low of $0.66 and a 1-year high of $21.42. The firm's 50 day moving average is $11.52 and its 200-day moving average is $11.02. The stock has a market capitalization of $3.99 billion, a P/E ratio of -19.64 and a beta of 1.43.
Hedge Funds Weigh In On Rigetti Computing
Several large investors have recently modified their holdings of RGTI. Signaturefd LLC acquired a new position in Rigetti Computing in the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC acquired a new position in Rigetti Computing in the 4th quarter valued at about $28,000. Tucker Asset Management LLC acquired a new position in Rigetti Computing in the 4th quarter valued at about $32,000. Orion Capital Management LLC acquired a new position in Rigetti Computing in the 4th quarter valued at about $46,000. Finally, GAMMA Investing LLC grew its stake in Rigetti Computing by 1,813.0% in the 1st quarter. GAMMA Investing LLC now owns 3,233 shares of the company's stock valued at $26,000 after buying an additional 3,064 shares during the last quarter. 35.38% of the stock is owned by institutional investors.
About Rigetti Computing
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Rigetti Computing, Inc, through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service.
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