Rigetti Computing initiated with a Buy at Rosenblatt

Rosenblatt analyst John McPeake last night initiated coverage of Rigetti Computing (RGTI) with a Buy rating and $40 price target The firm likes Rigetti’s modular approach to qubit scaling and its internal fab approach. The company’s work with leading quantum error correction partner Riverlane is “promising over the medium to long term,” the analyst tells investors in a research note.

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