
Rigetti Computing (RGTI) Stock Forecast & Price Target
Rigetti Computing (RGTI) Analyst Ratings
Bulls say
Rigetti Computing Inc. is well-positioned for future growth due to a significantly strengthened balance sheet, with approximately $220 million in cash reserves expected to sustain operations for at least three years. The company anticipates accelerating demand for its quantum computing hardware, driven by ongoing technological advancements and investments from both the public and private sectors, positioning it favorably ahead of expected broader adoption in the market. Additionally, Rigetti's proprietary multi-chip quantum processor and cloud service platform provide a solid foundation for capturing increased market share in upcoming years, reinforcing a positive outlook for the firm's financial performance.
Bears say
Rigetti Computing Inc faces a challenging financial outlook as it anticipates increasing research and development expenditures alongside slower-than-expected sales growth, which could lead to rising losses. The company's fourth quarter revenue for 2024 fell below projections, compounded by delays in the re-authorization of key legislation that supports quantum technology initiatives. Additionally, ongoing supply chain issues, uncertainties in customer retention, and the risk of delayed market adoption of quantum technologies contribute to a negative sentiment regarding the company's future profitability and potential need for shareholder dilution.
This aggregate rating is based on analysts' research of Rigetti Computing and is not a guaranteed prediction by Public.com or investment advice.
Rigetti Computing (RGTI) Analyst Forecast & Price Prediction
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