Rigetti Computing ( (RGTI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Rigetti Computing’s stock has experienced a notable rise due to the company’s strategic partnership with Quanta Computer, which is set to accelerate the production and deployment of its quantum processors. This collaboration, coupled with Rigetti’s ambitious product roadmap, including plans for a 36-qubit processor and a 100+ qubit system by 2025, has bolstered analyst confidence in the company’s future. Additionally, Rigetti’s strong financial position and effective cost management have further supported a positive outlook, leading to adjustments in price targets despite a lackluster Q4 2024 performance.
More about Rigetti Computing
YTD Price Performance: -59.75%
Average Trading Volume: 140,308,929
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.3B
For further insights into RGTI stock on TipRanks’ Stock Analysis page.
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