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.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RGTI:
- Quantum Computing News: From Government Security to Real Business Adoption
- Rigetti Computing initiated with a Buy at Rosenblatt
- QBTS, RGTI, IONQ: Top Analyst’s Quantum Computing Stock Picks for 2026
- Quantum Leap: Honeywell confirms IPO plans for Quantinuum
- Honeywell-Owned (HON) Quantinuum Announces IPO