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Barchart
Nauman Khan

Rigetti Computing Just Got a New Street-High Price Target. Should You Buy This Winning Quantum Computer Stock Here?

Rigetti Rigetti Computing RGTI B Riley CDAC

Rigetti Computing (RGTI) has been in the spotlight after B. Riley analyst Craig Ellis boosted his price target to a street-high $35 on Sept. 23. RGTI stock jumped 10% that day as a result. The firm’s bullish note pointed to accelerating progress in the quantum computing sector, including national labs shifting focus from pure research to commercialization, as justification. This new target is well above the consensus analyst forecast of around $21, reflecting confidence in Rigetti’s execution and market potential. 

But should investors buy in at these levels? A look at Rigetti’s latest developments, finances, and stock history may shed light.

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