Last Updated: 08 Nov 2024
Executive Summary
Rigetti Computing Inc. (RGTI) is a quantum computing company that has developed a full-stack quantum computing platform. The company's platform includes quantum processors, software, and applications. Rigetti is headquartered in Berkeley, California, and has operations in the United States, Europe, and Asia.
Rigetti's stock price has been volatile in recent months, but the company has a strong long-term outlook. The company's technology is still in its early stages of development, but it has the potential to revolutionize a wide range of industries, including healthcare, finance, and materials science.
Company Overview
Rigetti Computing was founded in 2013 by Chad Rigetti, a former Google engineer. The company's mission is to build a quantum computer that is accessible to everyone. Rigetti's quantum processors are based on superconducting qubits, which are the most promising technology for building a scalable quantum computer.
Rigetti's software stack includes a variety of tools for developing and running quantum algorithms. The company's applications include a suite of quantum algorithms for solving problems in healthcare, finance, and materials science.
Fundamental Analysis
Rigetti Computing is a pre-revenue company, so it does not have any financial metrics to analyze. However, the company has a strong team of engineers and scientists, and it has raised over $200 million in funding from leading investors.
Technical Analysis
Rigetti Computing's stock price has been volatile in recent months, but the company has a strong long-term outlook. The company's technology is still in its early stages of development, but it has the potential to revolutionize a wide range of industries.
Short Term Outlook
Rigetti Computing's stock price is likely to remain volatile in the short term. However, the company has a strong long-term outlook, and investors should consider buying the stock on dips.
Long Term Outlook
Rigetti Computing has the potential to be a major player in the quantum computing industry. The company's technology is still in its early stages of development, but it has the potential to revolutionize a wide range of industries. Investors should consider buying the stock for the long term.
Analyst Recommendations
The majority of analysts who cover Rigetti Computing have a buy rating on the stock. The average analyst target price is $2.75.
