Rigetti Jumps 7.7% After Benchmark Starts Buy With $25 Target
Updated
Updated · Yahoo Finance · Jul 27
Rigetti Jumps 7.7% After Benchmark Starts Buy With $25 Target
3 articles · Updated · Yahoo Finance · Jul 27
Summary
Rigetti Computing rose 7.7% by late Monday morning after Benchmark initiated coverage with a buy rating and a $25 price target.
The target implies roughly 67% upside from current levels, adding momentum to a stock already lifted by renewed enthusiasm for quantum computing shares.
That sector boost came after D-Wave said AT&T will use its annealing quantum technology to optimize network operations, improve AI agent efficiency and help detect outages.
Benchmark argued quantum computing is unlikely to be winner-take-all, suggesting multiple approaches could coexist even as most companies in the field remain at least five years from profitability.