In a report released today, Quinn Bolton from Needham maintained a Buy rating on Rigetti Computing (RGTI – Research Report), with a price target of $3.00. The company’s shares opened today at $1.12.
Bolton covers the Technology sector, focusing on stocks such as Rigetti Computing, Intel, and Marvell. According to TipRanks, Bolton has an average return of 35.9% and a 67.95% success rate on recommended stocks.
Currently, the analyst consensus on Rigetti Computing is a Moderate Buy with an average price target of $2.50.
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Based on Rigetti Computing’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.13 million and a GAAP net loss of $9.97 million. In comparison, last year the company earned a revenue of $2.36 million and had a GAAP net loss of $7.79 million
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