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Quantum computing firm Rigetti Computing (RGTI) recently received a Street-high price target of $50 from analysts at Benchmark, indicating potential upside of 13% from current levels. The upgrade marks a giant leap from the earlier target of $20 per share.
Analyst David Williams believes the quantum sector is accelerating, and that Rigetti’s long-term strategy is well-supported by its execution. Moreover, the contracts that the company has managed to gain also position Rigetti for growth.
