Analysts Split On Rigetti Outlook As Shares Extend Slide After Q3
Shares of Rigetti Computing Inc. (NASDAQ:RGTI) fell on Thursday — extending their recent slide — after the quantum computing company reported third-quarter results that paired narrower losses with a decline in revenue. The company also reiterated its long-term plan to scale its hardware, maintaining a focus on performance milestones rather than immediate revenue growth. Market Reaction And Revenue TrendsRigetti reported a quarterly loss of three cents per share, topping expectations for a deeper loss. Revenue reached $1.94 million, down from last year and short of forecasts, prompting a negative market reaction. Analyst OutlookAnalysts remained divided as the company progressed deeper into its multi-year development cycle.
Craig-Hallum's Richard Shannon reaffirmed a Buy rating, stressing that progress toward next-generation systems remains central to the bullish thesis. B. Riley Securities' Craig Ellis stayed Neutral and cut his price target from $42 to $35. Benchmark analyst David Williams maintained a Buy rating but reduced his target from $50 to $40, reflecting tempered expectations after the quarter. Also Read: Quantum Stock Tracker: IonQ, Rigetti, D-Wave Report Q3 Earnings Daily stocks & crypto headlines, free to your inbox
By continuing, I agree to the Market Data Terms of Service and Privacy Statement Shares of Rigetti Computing Inc. (NASDAQ:RGTI) fell on Thursday — extending their recent slide — after the quantum computing company reported third-quarter results that paired narrower losses with a decline in revenue. The company also reiterated its long-term plan to scale its hardware,…
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Shares Of Rigetti Computing Inc. (NASDAQ:RGTI) Fell On Thursday —
Shares of Rigetti Computing Inc. (NASDAQ:RGTI) fell on Thursday — extending their recent slide — after the quantum computing company reported third-quarter results that paired narrower losses with a decline in revenue. The company also reiterated its long-term plan to scale its hardware, maintaining a focus on performance milestones rather than immediate revenue growth. Market Reaction And Revenue...
Craig-Hallum's Richard Shannon Reaffirmed A Buy Rating, Stressing That Progress
Craig-Hallum's Richard Shannon reaffirmed a Buy rating, stressing that progress toward next-generation systems remains central to the bullish thesis. B. Riley Securities' Craig Ellis stayed Neutral and cut his price target from $42 to $35. Benchmark analyst David Williams maintained a Buy rating but reduced his target from $50 to $40, reflecting tempered expectations after the quarter. Also Read: ...
By Continuing, I Agree To The Market Data Terms Of
By continuing, I agree to the Market Data Terms of Service and Privacy Statement Shares of Rigetti Computing Inc. (NASDAQ:RGTI) fell on Thursday — extending their recent slide — after the quantum computing company reported third-quarter results that paired narrower losses with a decline in revenue. The company also reiterated its long-term plan to scale its hardware,…
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