Rigetti's Stock Performance: Rigetti Computing Inc. has seen a dramatic increase in its stock price, rising approximately 3,900% over the past year and around 100% year-to-date, attracting investor interest in ETFs like RGTU and RGTX that leverage its performance.
U.S. Air Force Contract: On September 18, Rigetti announced a $5.8 million deal with the U.S. Air Force to develop quantum networking technology, which contributed to a more than 20% increase in its stock price following the announcement.
Risks of Leveraged ETFs: The focused exposure of ETFs like RGTU and RGTX to Rigetti's stock carries significant risks, as evidenced by a high short interest and Rigetti's inconsistent financial performance, including a 50% year-over-year revenue decline.
Broader ETF Exposure: Other ETFs such as the Defiance Quantum ETF (QTUM) and ARK Autonomous Technology & Robotics ETF (ARKQ) also provide exposure to Rigetti, albeit with less concentrated risk compared to the leveraged ETFs.
Wall Street analysts forecast QTUM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QTUM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast QTUM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QTUM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 119.350
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Current: 119.350
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
