Rigetti Computing, Inc. (RGTI)
NASDAQ: RGTI · Real-Time Price · USD
1.700
+0.210 (14.09%)
At close: Nov 13, 2024, 4:00 PM
1.870
+0.170 (10.00%)
Pre-market: Nov 14, 2024, 4:28 AM EST
Rigetti Computing Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for Rigetti Computing stock have an average target of 3.00, with a low estimate of 2.00 and a high estimate of 3.50. The average target predicts an increase of 76.47% from the current stock price of 1.70.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for RGTI stock from 4 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 4 | 4 | 4 | 4 | 4 |
| 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 | 3 | 4 | 4 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $3 → $3.5 | Strong Buy | Maintains | $3 → $3.5 | +105.88% | Nov 13, 2024 |
| Needham | Needham | Strong Buy Reiterates $2 | Strong Buy | Reiterates | $2 | +17.65% | Nov 13, 2024 |
| Needham | Needham | Strong Buy Maintains $3 → $2 | Strong Buy | Maintains | $3 → $2 | +17.65% | Aug 9, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Initiates $3 | Strong Buy | Initiates | $3 | +76.47% | Jul 25, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $3 | Strong Buy | Reiterates | $3 | +76.47% | May 13, 2024 |
Financial Forecast
Revenue This Year
13.44M
from 12.01M
Increased by 11.96%
Revenue Next Year
25.22M
from 13.44M
Increased by 87.57%
EPS This Year
-0.40
from -0.57
EPS Next Year
-0.34
from -0.40
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 14.5M | 34.4M | 86.2M | |
| Avg | 13.4M | 25.2M | 55.3M | |
| Low | 12.3M | 18.7M | 34.3M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 20.7% | 156.2% | 241.9% | |
| Avg | 12.0% | 87.6% | 119.5% | |
| Low | 2.8% | 39.2% | 36.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.40 | -0.34 | -0.11 |
| Avg | -0.40 | -0.34 | -0.22 |
| Low | -0.39 | -0.33 | -0.31 |
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.