Is It Worth Investing in Rigetti Computing (RGTI) Based on Wall Street's Bullish Views?

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Is It Worth Investing in Rigetti Computing (RGTI) Based on Wall Street's Bullish Views?

//stocks-investing.news-articles.net/content/202 .. g-rgti-based-on-wall-street-s-bullish-views.html

Published in Stocks and Investing on Wednesday, January 15th 2025 at 10:41 GMT by MSN

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

The article from MSN discusses the investment potential of Rigetti Computing (RGTI), a company focused on quantum computing. Wall Street analysts have shown a bullish outlook on Rigetti, with a strong Buy consensus rating and a price target suggesting significant upside potential. The article highlights that despite the high-risk nature of investing in quantum computing due to its nascent stage, Rigetti's advancements in quantum technology, including its development of a 24-qubit chip, have caught the attention of investors. The company's stock has experienced volatility, but the optimism stems from its potential to lead in the quantum computing market, which could revolutionize various industries. However, the article also cautions that the technology's commercial viability and scalability remain uncertain, advising investors to consider both the high potential rewards and the substantial risks involved.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/technology/tech-companies/is-it-worth-investing-in-rigetti-computing-rgti-based-on-wall-street-s-bullish-views/ar-AA1xfGMC ]

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