
Rigetti Computing (RGTI) Stock Forecast & Price Target
Rigetti Computing (RGTI) Analyst Ratings
Bulls say
Rigetti Computing Inc has significantly strengthened its balance sheet, with approximately $220 million in cash following capital raises, which management expects will sustain operations for at least three years. The firm's technological advances, including the development of the industry's first multi-chip quantum processor, are anticipated to drive accelerating demand for hardware, which could positively influence sales forecasts. With investments from both the public and private sectors on the rise, Rigetti Computing is positioned to capitalize on broader adoption of quantum computing technologies in the coming years.
Bears say
Rigetti Computing Inc faces a negative outlook primarily due to the increasing potential for losses correlated with rising research and development expenditures, juxtaposed with lower-than-expected sales growth. The company's 4Q24 revenue fell short of projections, compounded by uncertainties surrounding the re-authorization of the DOE Quantum Leadership Act, further hindering optimistic revenue forecasting. Additionally, the challenges related to delayed quantum adoption and supply chain disruptions exacerbate the risk of investor skepticism and may lead to shareholder dilution through the necessity of secondary offerings or convertible debt.
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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