RGTI Price Prediction Next Week
Analysis and Insights
Technical Analysis:
RGTI's stock price is currently trading near the lower end of its recent range, with a closing price of $9.07 on Friday, March 22, 2025. The stock has shown a 0.89% increase on the day but is down 21.62% over the past month. Key technical indicators include:
- RSI (6-period): 43.55, indicating the stock is not yet oversold but is in a bearish zone.
- MACD: Showing a slight bearish signal with a value of -0.31, suggesting downward momentum.
- Fibonacci Levels: Pivot at 9.45, with resistance at 10.93 and support at 7.97.
News and Sentiment Analysis:
Recent news indicates mixed sentiment for RGTI. The stock was highlighted for its strong fundamentals in the P/B Growth Investor model, achieving a 55% score, which is positive for investor interest. However, the stock faced significant declines during Nvidia's GTC conference, dropping 20.1% for the week, reflecting investor skepticism about the near-term viability of quantum computing companies.
Valuation and Fundamental Analysis:
RGTI is trading at a high valuation multiple compared to its peers, with a price-to-sales ratio of 57 times projected 2027 sales. This high valuation, combined with expected losses over the next three years, raises concerns about its short-term growth potential.
Earnings Outlook:
The upcoming earnings report is expected to show a loss of -$0.05 EPS and $2.46 million in revenue, reflecting a 19.34% decline in revenue year-over-year. Despite this, the Zacks Rank of #2 (Buy) suggests some optimism about the company's future performance.
Conclusion:
Based on the technical indicators and recent news, RGTI is expected to face selling pressure in the next trading week. The stock is likely to test the lower support level of $7.50. Therefore, the recommendation is to sell RGTI at its current price of $9.07, as the risks outweigh the potential gains in the short term.
RGTI Similar Chart Price Prediction
The price of RGTI is predicted to go up 0.79%, based on the high correlation periods with PGY. The similarity of these two price pattern on the periods is 95.18%.
RGTI
PGY
Up: 0.79%Similarity: 95.18%
RGTI Revenue Forecast
RGTI EPS Forecast
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RGTI Analyst's Forecast
David Williams
Benchmark
Strong Buy
2025-02-21
Price Target
$2.5 → $14
Upside
+30.23%
Benchmark analyst David Williams raised the firm's price target on Rigetti Computing to $14 from $2.50 and keeps a Buy rating on the shares. After having hosted CEO Subodh Kulkarni and CFO Jeff Bertelsen for a virtual investor group call last week, the firm came away with "increased confidence" in the company's technology roadmap and continued progress toward achieving internal fidelity targets, the analyst tells investors. Benchmark continues to view Rigetti's superconducting approach and modular architecture as "fundamental advantages to overcoming the scalability challenge in gate-based systems" and views the company as "well positioned with a compelling architecture and significant IP moat," the analyst added.
Craig Ellis
B. Riley Securities
Strong Buy
2025-01-14
Price Target
$4 → $8.5
Downside
-5.03%
Richard Shannon
Craig-Hallum
Strong Buy
2024-12-20
Price Target
$12
Upside
+28.07%
