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 experienced a significant surge due to technological advancements and market enthusiasm. However, concerns have emerged as the stock has entered overbought territory, surpassing average analyst price targets, which makes short-term gains uncertain. Despite this, the company’s long-term prospects appear promising with a new contract with the U.S. Air Force and plans to expand its quantum computing capabilities.
More about Rigetti Computing
YTD Price Performance: 42.60%
Average Trading Volume: 45,579,715
Technical Sentiment Signal: Buy
Current Market Cap: $9.25B
For further insights into RGTI stock on TipRanks’ Stock Analysis page.
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