
Rigetti Computing, Inc. (NASDAQ:RGTI - Free Report) - Cantor Fitzgerald issued their FY2025 earnings per share (EPS) estimates for shares of Rigetti Computing in a research note issued on Wednesday, July 2nd. Cantor Fitzgerald analyst T. Jensen anticipates that the company will post earnings of ($0.25) per share 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.
A number of other analysts have also recently commented on RGTI. Benchmark reaffirmed a "buy" rating and issued a $14.00 price target on shares of Rigetti Computing in a research note on Thursday, May 15th. Needham & Company LLC decreased their price objective on Rigetti Computing from $17.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $14.20.
Check Out Our Latest Report on RGTI
Rigetti Computing Stock Performance
NASDAQ:RGTI traded up $0.13 on Friday, hitting $13.21. 35,342,499 shares of the stock were exchanged, compared to its average volume of 59,161,851. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of -18.87 and a beta of 1.43. Rigetti Computing has a 52 week low of $0.66 and a 52 week high of $21.42. The company's 50-day moving average price is $11.52 and its 200 day moving average price is $10.99.
Hedge Funds Weigh In On Rigetti Computing
Several institutional investors and hedge funds have recently modified their holdings of the business. Voya Investment Management LLC grew its position in shares of Rigetti Computing by 8.8% in the 1st quarter. Voya Investment Management LLC now owns 50,588 shares of the company's stock valued at $401,000 after purchasing an additional 4,075 shares during the period. Rhumbline Advisers grew its stake in shares of Rigetti Computing by 17.0% during the 1st quarter. Rhumbline Advisers now owns 273,818 shares of the company's stock worth $2,169,000 after acquiring an additional 39,743 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Rigetti Computing by 91.9% during the 1st quarter. Focus Partners Wealth now owns 40,814 shares of the company's stock worth $323,000 after acquiring an additional 19,544 shares in the last quarter. Flaharty Asset Management LLC bought a new position in shares of Rigetti Computing during the 1st quarter worth approximately $63,000. Finally, Integrity Alliance LLC. bought a new position in shares of Rigetti Computing during the 1st quarter worth approximately $148,000. 35.38% of the stock is currently owned by institutional investors and hedge funds.
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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