Benchmark raises Rigetti Computing price target based on confidence in tech roadmap

From StockTwits: 2025-02-24 01:10:15

Benchmark analysts are optimistic about Rigetti Computing’s superconducting approach, citing fundamental advantages for scalability in gate-based systems. Despite a more than 6% drop in stock price, Benchmark raised the price target to $14 from $2.50, with a ‘Buy’ rating. Rigetti’s recent investor call increased confidence in the product roadmap, aiming to achieve internal fidelity targets. B. Riley also raised the price target to $15 from $8.50, predicting 2025 as the year to become quantum-ready. Five out of six brokerage ratings recommend buying Rigetti stock, with an average price target of $12.45 for over 16% upside. Stocktwits sentiment remains bearish despite a 1,000% gain in the past six months.



Read more at StockTwits: Benchmark Raises Rigetti Computing Price Target On ‘Increased Confidence’ In Tech Roadmap, But Retail Remains On The Sidelines