Rigetti Computing, Inc. (RGTI)
NASDAQ: RGTI · IEX Real-Time Price · USD
1.040
-0.050 (-4.59%)
At close: Jul 19, 2024, 4:00 PM
1.070
+0.030 (2.88%)
Pre-market: Jul 22, 2024, 7:20 AM EDT
Rigetti Computing Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Rigetti Computing stock have an average target of 3.17, with a low estimate of 3.00 and a high estimate of 3.50. The average target predicts an increase of 204.81% from the current stock price of 1.04.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 13, 2024.
Analyst Ratings
The average analyst rating for RGTI stock from 3 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 3 | 3 | 3 | 3 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 4 | 4 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy Reiterates $3 | Strong Buy | Reiterates | $3 | +188.46% | May 13, 2024 |
| Needham | Needham | Strong Buy Reiterates $3 | Strong Buy | Reiterates | $3 | +188.46% | May 13, 2024 |
| Needham | Needham | Strong Buy Reiterates $3 | Strong Buy | Reiterates | $3 | +188.46% | Mar 15, 2024 |
| Alliance Global Partners | Alliance Global Partners | Strong Buy Initiates $3.5 | Strong Buy | Initiates | $3.5 | +236.54% | Mar 1, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $4 → $3 | Strong Buy | Maintains | $4 → $3 | +188.46% | Nov 16, 2023 |
Financial Forecast
Revenue This Year
15.61M
from 12.01M
Increased by 29.96%
Revenue Next Year
29.47M
from 15.61M
Increased by 88.86%
EPS This Year
-0.42
from -0.57
EPS Next Year
-0.34
from -0.42
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 18.0M | 38.5M | 96.3M | 105.0M |
| Avg | 15.6M | 29.5M | 70.3M | 102.0M |
| Low | 13.8M | 20.5M | 53.9M | 98.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 49.5% | 146.9% | 226.7% | 49.4% |
| Avg | 30.0% | 88.9% | 138.5% | 45.1% |
| Low | 15.1% | 31.1% | 82.9% | 39.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.41 | -0.32 | -0.07 |
| Avg | -0.42 | -0.34 | -0.19 |
| Low | -0.43 | -0.36 | -0.30 |
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.