Rigetti Computing, Inc. (RGTI)
NASDAQ: RGTI · IEX Real-Time Price · USD
1.260
+0.090 (7.69%)
Apr 26, 2024, 4:00 PM EDT - Market closed
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 151.59% from the current stock price of 1.26.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 15, 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 3 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 1 | 1 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 4 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Reiterates $3 | Strong Buy | Reiterates | $3 | +138.10% | Mar 15, 2024 |
| Alliance Global Partners | Alliance Global Partners | Strong Buy Initiates $3.5 | Strong Buy | Initiates | $3.5 | +177.78% | Mar 1, 2024 |
| Benchmark | Benchmark | Strong Buy Maintains $4 → $3 | Strong Buy | Maintains | $4 → $3 | +138.10% | Nov 16, 2023 |
| Needham | Needham | Strong Buy Reiterates $3 | Strong Buy | Reiterates | $3 | +138.10% | Nov 13, 2023 |
| Benchmark | Benchmark | Hold → Strong Buy Upgrades $4 | Hold → Strong Buy | Upgrades | $4 | +217.46% | Aug 11, 2023 |
Financial Forecast
Revenue This Year
16.42M
from 12.01M
Increased by 36.73%
Revenue Next Year
31.49M
from 16.42M
Increased by 91.79%
EPS This Year
-0.39
from -0.57
EPS Next Year
-0.33
from -0.39
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 19.2M | 46.8M | 117.2M | 105.0M |
| Avg | 16.4M | 31.5M | 77.0M | 102.0M |
| Low | 13.8M | 20.5M | 53.9M | 98.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 60.0% | 185.2% | 272.1% | 36.3% |
| Avg | 36.7% | 91.8% | 144.7% | 32.4% |
| Low | 14.9% | 24.6% | 71.2% | 27.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.33 | -0.21 | -0.08 |
| Avg | -0.39 | -0.33 | -0.22 |
| Low | -0.46 | -0.39 | -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.