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Cantor Fitzgerald Weighs in on RGTI FY2025 Earnings

Rigetti Computing logo with Computer and Technology background

Rigetti Computing, Inc. (NASDAQ:RGTI - Free Report) - Analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for Rigetti Computing in a report released on Wednesday, July 2nd. Cantor Fitzgerald analyst T. Jensen expects 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 objective 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.

RGTI has been the topic of a number of other reports. Needham & Company LLC lowered their price objective on Rigetti Computing from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Benchmark reaffirmed a "buy" rating and set a $14.00 price objective on shares of Rigetti Computing in a research report on Thursday, May 15th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $14.20.

Get Our Latest Analysis on RGTI

Rigetti Computing Stock Up 1.0%

NASDAQ:RGTI traded up $0.13 on Friday, hitting $13.21. The stock had a trading volume of 35,342,499 shares, compared to its average volume of 59,161,851. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of -18.87 and a beta of 1.43. The business's 50-day simple moving average is $11.52 and its two-hundred day simple moving average is $10.99. Rigetti Computing has a 52-week low of $0.66 and a 52-week high of $21.42.

Institutional Trading of Rigetti Computing

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC bought a new stake in Rigetti Computing during the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC bought a new stake in Rigetti Computing during the 4th quarter valued at approximately $28,000. Tucker Asset Management LLC bought a new stake in Rigetti Computing during the 4th quarter valued at approximately $32,000. Orion Capital Management LLC bought a new stake in Rigetti Computing during the 4th quarter valued at approximately $46,000. Finally, GAMMA Investing LLC raised its stake in Rigetti Computing by 1,813.0% during the 1st quarter. GAMMA Investing LLC now owns 3,233 shares of the company's stock valued at $26,000 after purchasing an additional 3,064 shares during the period. Institutional investors own 35.38% of the company's stock.

About Rigetti Computing

(Get Free Report)

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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Earnings History and Estimates for Rigetti Computing (NASDAQ:RGTI)

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