Mizuho analyst Vijay Rakesh initiated coverage of Rigetti Computing (RGTI) with an Outperform rating and $50 price target The firm sees the company scaling with $450M in cash, equivalents, and investments on hand. This could be sufficient to operate through at least 2030, the analyst tells investors in a research note. Mizuho says Rigetti is the closest scalable superconducting quantum computing peer to IBM and Google.
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