Rigetti Computing, Inc. (RGTI)
NASDAQ: RGTI · Real-Time Price · USD
9.37
+1.90 (25.44%)
At close: Dec 20, 2024, 4:00 PM
9.60
+0.23 (2.45%)
After-hours: Dec 20, 2024, 7:59 PM EST
Rigetti Computing Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Rigetti Computing stock have an average target of 4.80, with a low estimate of 2.00 and a high estimate of 12. The average target predicts a decrease of -48.77% from the current stock price of 9.37.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for RGTI stock from 5 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 5 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 4 | 4 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Craig-Hallum | Craig-Hallum | Strong Buy Initiates $12 | Strong Buy | Initiates | $12 | +28.07% | Dec 20, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $3.5 → $4 | Strong Buy | Maintains | $3.5 → $4 | -57.31% | Nov 25, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $2.5 | Strong Buy | Reiterates | $2.5 | -73.32% | Nov 14, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $3 → $3.5 | Strong Buy | Maintains | $3 → $3.5 | -62.65% | Nov 13, 2024 |
| Needham | Needham | Strong Buy Reiterates $2 | Strong Buy | Reiterates | $2 | -78.66% | Nov 13, 2024 |
Financial Forecast
Revenue This Year
11.24M
from 12.01M
Decreased by -6.36%
Revenue Next Year
16.53M
from 11.24M
Increased by 47.00%
EPS This Year
-0.39
from -0.57
EPS Next Year
-0.35
from -0.39
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 11.9M | 21.9M | 54.3M | |
| Avg | 11.2M | 16.5M | 38.1M | |
| Low | 10.7M | 11.3M | 16.7M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -1.0% | 94.5% | 228.4% | |
| Avg | -6.4% | 47.0% | 130.5% | |
| Low | -11.0% | 0.2% | 0.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.39 | -0.33 | -0.22 |
| Avg | -0.39 | -0.35 | -0.27 |
| Low | -0.37 | -0.36 | -0.32 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | - | - |
| Avg | - | - | - |
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.