Rigetti Computing price target lowered to $33 from $43 at Mizuho

Mizuho analyst Vijay Rakesh lowered the firm’s price target on Rigetti Computing (RGTI) to $33 from $43 and keeps an Outperform rating on the shares. The firm remains positive on quantum computing over the long-term and still sees over 100% upside in the stocks. The group is in the “early stages of an inflection,” the analyst tells investors in a research note. Mizuho cites With intensifying competition and ramping spending by all the leading players for the target cuts.

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