Overview

• Cantor Fitzgerald analyst Troy Jensen initiated coverage of Rigetti Computing with an Overweight rating and a $15 price target.
• Rigetti shares rose as much as 9.5% to around $12 following the analyst endorsement.
• All seven analysts covering Rigetti maintain buy ratings with price targets ranging from $14 to $16.
• Peers D-Wave Quantum, IonQ and Quantum Computing saw their stocks climb between 2.5% and 4% during the same trading session.
• Rigetti’s partnership with Quanta Computer has a $250 million five-year investment commitment supporting its long-term market share goals.