Rigetti Computing initiated with an Outperform at Wedbush

Wedbush initiated coverage of Rigetti Computing (RGTI) with an Outperform rating and $35 price target With over a decade of experience in quantum computing research and development and as one of the current leaders in the superconducting qubit modality, the firm believes Rigetti is well positioned to benefit from the long-term growth in the quantum hardware addressable market. The superconducting qubits modality currently offers the broadest range of actively explored quantum computing use cases due to the rapid progress and industry momentum, and the large amounts of funding invested in this modality by some of the world’s largest companies as well as the Government of China, Wedbush adds.