UPDATE: Cowen Starts Rigetti Computing Inc. (RGTI) at Outperform

May 27, 2022 5:33 AM EDT
Get Alerts RGTI Hot Sheet
Price: $3.71 -7.02%

Rating Summary:
    2 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 18 | New: 23
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(Updated - May 27, 2022 5:34 AM EDT)

Cowen analyst Krish Sankar initiates coverage on Rigetti Computing Inc. (NASDAQ: RGTI) with a Outperform rating.

The analyst comments "We initiate on RGTI with a Outperform rating. We view its proprietary quantum computing (QC) tech from captive processor design & fabrication to software stack supporting its QCaaS offering as a compelling model to penetrate a $19B TAM by CY30. Key risks include cash burn as it builds out its QC infrastructure, execution, QCaaS growth inflection timing, and intensifying competition."

For an analyst ratings summary and ratings history on Rigetti Computing Inc. click here. For more ratings news on Rigetti Computing Inc. click here.

Shares of Rigetti Computing Inc. closed at $8.34 yesterday.

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