Needham Maintains Buy on Rigetti Computing, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton maintains a Buy rating on Rigetti Computing (NASDAQ:RGTI) but lowers the price target from $3 to $2.

August 09, 2024 | 11:50 am
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Needham analyst Quinn Bolton maintains a Buy rating on Rigetti Computing but lowers the price target from $3 to $2.
The maintained Buy rating suggests continued confidence in Rigetti Computing's long-term prospects. However, the lowered price target indicates some short-term concerns or adjustments in valuation, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100