Rigetti Computing ( (RGTI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Rigetti Computing’s stock movement has been influenced by Cantor Fitzgerald’s initiation of coverage with an Overweight rating and a $15 price target, underscoring the company’s strong position in the quantum computing sector. Despite facing competition from giants like Google and IBM, Rigetti is poised to capitalize on advancements in quantum technologies. The stock has seen some volatility, with a recent 3.67% decline, yet the options market shows a bullish sentiment with increased call volume, indicating optimism among traders. Analysts remain cautious about the stock’s performance ahead of the earnings report on August 7th.
More about Rigetti Computing
YTD Price Performance: -43.35%
Average Trading Volume: 48,245,081
Technical Sentiment Signal: Buy
Current Market Cap: $3.31B
For further insights into RGTI stock on TipRanks’ Stock Analysis page.
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