Streetbeat News

RGTI

Rigetti Computing, Inc.

https://www.rigetti.com

Industry

Computer Hardware

Rigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.

Open

1.33

Mkt cap

250M

Volume

9.7M

High

1.38

P/E Ratio

-3.51

52-wk high

2.36

Low

1.29

Div yield

N/A

52-wk low

0.66

The article highlights the intraday movements of several information technology stocks on Friday. Notable gainers include Sobr Safe, Comtech Telecom, and HeartCore Enterprises, while Cemtrex, SPI Energy, and Phunware were among the losers.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 4:30 pm

Rigetti Computing has announced a novel chip fabrication process called Alternating-Bias Assisted Annealing (ABAA), which enhances qubit frequency targeting and 2-qubit gate execution. This technique is expected to boost performance and fidelity in their Novera and Ankaa-3 QPUs. The research has been published in Nature Communications Materials.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:08 pm

Analysts have mixed ratings for Rigetti Computing (NASDAQ:RGTI) with 4 analysts providing varying perspectives. The average 12-month price target is $2.75, down from $3.00. Key analysts have adjusted their ratings and price targets, reflecting recent market dynamics and company performance. Rigetti's financials show strong revenue growth but challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 4:00 pm

Needham analyst Quinn Bolton maintains a Buy rating on Rigetti Computing (NASDAQ:RGTI) but lowers the price target from $3 to $2.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 11:50 am

Rigetti Computing (NASDAQ:RGTI) reported Q2 2024 GAAP EPS of $(0.07), beating the estimate of $(0.10). However, sales of $3.086M missed the $3.532M estimate, marking a 7.24% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:24 pm

B. Riley Securities has initiated coverage on Rigetti Computing (NASDAQ:RGTI) with a Buy rating and set a price target of $3.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 9:50 am

Rigetti Computing (NYSE:RGTI) has seen a 7.84% increase in its short percent of float, now at 14.03%. This indicates a bearish sentiment among investors, as it would take 5.33 days to cover these short positions. Compared to its peers, Rigetti has a higher short interest.

Portfolio Pulse from Benzinga Insights

June 24, 2024 | 4:45 pm

Zapata AI has published and presented research findings to DARPA from Phase II of the Quantum Benchmarking Program. The collaboration with Rigetti Computing, USC, HRL Laboratories, and L3Harris highlights the economic value of quantum computing use cases and hardware-specific resource requirements. Zapata AI is the only company participating across all program tracks.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 2:40 pm

Rigetti Computing, Inc. (NASDAQ:RGTI) will join the Russell 3000 Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective July 1st.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:18 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.