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Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the Best Quantum Computing Stocks to Buy and Hold for 10 Years. Wall Street is bullish on the stock as the company gets close to releasing its fiscal Q1 2026 earnings, scheduled for May 11. The Street expects the company to post revenue around $4.09 million, along with a GAAP EPS of negative $0.06.
Recently, on April 20, Northland Capital Markets initiated coverage of Rigetti Computing, Inc. (NASDAQ:RGTI) with a Market Perform rating and a $20 price target. Earlier, on April 7, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on the stock with a price target of $33, down from the previous target of $43.
Northland remains bullish on the quantum industry, noting that AI needs advanced computing power to train large language models. The firm highlighted that as this demand increases, traditional computers will not be able to offer solutions that quantum computing can provide. The firm believes that the quantum industry has an aggregate enterprise value of $88 billion and also has huge growth potential as AI scales and the technology matures.
On the other hand, Mizuho also remains bullish on the quantum sector for the longer term, calling it to be at the start of an S curve, with massive growth potential till 2035. The firm lowered the price target on Rigetti Computing due to the growth concerns associated with the macroeconomic conditions and spike in oil prices.
Rigetti Computing Inc. (NASDAQ:RGTI) creates and operates superconducting quantum processors and quantum computers. Its offerings include a vast range, including quantum processing units, Novera QPU, Cepheus-1-36Q system, Rigetti quantum cloud services, and QCS Outpost. Furthermore, it provides superconducting quantum chips, as well as professional services like algorithm development, benchmarking, quantum application programming, and software development.
While we acknowledge the potential of RGTI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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