Quantum companies have enjoyed a surge of popularity among investors on the promise of developing powerful computing capabilities, far beyond what’s currently available, but industry leader Rigetti Computing is finding itself in an increasingly expensive and competitive race.
RGTI to hold from buy on Thursday, arguing that investors may have become overly optimistic about the company. Consensus 2027 estimates are “aggressive relative to revenue opportunities at this juncture,” according to Sankar.
This quantum stock is falling, as the path to success looks very expensive
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Quantum companies have enjoyed a surge of popularity among investors on the promise of developing powerful computing capabilities, far beyond what’s currently available, but industry leader Rigetti Computing is finding itself in an increasingly expensive and competitive race.
TD Cowen analyst Krish Sankar downgraded Rigetti’s stock
RGTI to hold from buy on Thursday, arguing that investors may have become overly optimistic about the company. Consensus 2027 estimates are “aggressive relative to revenue opportunities at this juncture,” according to Sankar.
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