Rigetti Computing, Inc. (RGTI) Tops Q2 EPS by 27c

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Go back to Rigetti Computing, Inc. (RGTI) Tops Q2 EPS by 27c

Benchmark Upgrades Rigetti Computing Inc. (RGTI) to Buy, 'First QPU Sale and Technical Progress Drives Confidence'

August 11, 2023 6:35 AM EDT

Benchmark analyst David Williams upgraded Rigetti Computing Inc. (NASDAQ: RGTI) from Hold to Buy with a price target of $4.00.

The analyst comments "We are upgrading RGTI to Buy from Hold and setting a $4 PT following solid 2Q results as the strategic re-positioning is demonstrating early success on multiple fronts. We are specifically encouraged by the firms first QPU sale during the quarter, which we believe will be a tipping... More