Mizuho Securities Keeps Their Buy Rating on Rigetti Computing (RGTI)

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Rigetti Computing today and set a price target of $33.00.

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According to TipRanks, Rakesh is a top 100 analyst with an average return of 44.7% and a 59.72% success rate. Rakesh covers the Technology sector, focusing on stocks such as Micron, IonQ, and ARM Holdings PLC ADR.

In addition to Mizuho Securities, Rigetti Computing also received a Buy from Craig-Hallum’s Richard Shannon in a report issued on April 1. However, today, TipRanks – Anthropic reiterated a Hold rating on Rigetti Computing (NASDAQ: RGTI).

Based on Rigetti Computing’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.87 million and a GAAP net loss of $18.21 million. In comparison, last year the company earned a revenue of $2.27 million and had a GAAP net loss of $152.96 million

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RGTI in relation to earlier this year. Last month, David Rivas, the CTO of RGTI sold 36,719.00 shares for a total of $643,316.88.