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Barchart
Barchart
Sristi Suman Jayaswal

An Analyst Just Doubled His Price Target for This Quantum Computing Stock

Quantum computing, a transformative leap in technology, harnesses the principles of quantum mechanics to solve problems far beyond the reach of classical computers. In today’s digital world, where data and computational prowess dictate innovation, this groundbreaking field promises to redefine industries ranging from cryptography to pharmaceuticals.

At the forefront of this revolution stands Rigetti Computing (RGTI). Recently, B. Riley analyst Craig Ellis amplified market chatter by more than doubling his price target on RGTI to $8.50, reaffirming a “Buy” rating. With the stock skyrocketing triple digits over the past year, let’s dive deeper into this quantum disruptor and its meteoric rise.

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