Alliance Global Partners Keeps Their Buy Rating on Rigetti Computing (RGTI)

In a report released today, Brian Kinstlinger from Alliance Global Partners reiterated a Buy rating on Rigetti Computing, with a price target of $37.00.

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According to TipRanks, Kinstlinger is a 5-star analyst with an average return of 11.1% and a 45.03% success rate. Kinstlinger covers the Technology sector, focusing on stocks such as Rezolve AI, Gorilla Technology Group Inc., and Inuvo.

Currently, the analyst consensus on Rigetti Computing is a Strong Buy with an average price target of $32.33.

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.