Analysts Just Made A Major Revision To Their Rigetti Computing, Inc. (NASDAQ:RGTI) Revenue Forecasts [Yahoo! Finance]
Rigetti Computing, Inc. (RGTI)
Company Research
Source: Yahoo! Finance
There was a fairly draconian cut to their revenue estimates, perhaps an implicit admission that previous forecasts were much too optimistic. The stock price has risen 8.4% to US$1.55 over the past week. It will be interesting to see if this downgrade motivates investors to start selling their holdings. Following the downgrade, the current consensus from Rigetti Computing's five analysts is for revenues of US$16m in 2025 which - if met - would reflect a sizeable 36% increase on its sales over the past 12 months. Per-share losses are expected to creep up to US$0.34. Yet before this consensus update, the analysts had been forecasting revenues of US$24m and losses of US$0.33 per share in 2025. So there's been quite a change-up of views after the recent consensus updates, with the analysts making a serious cut to their revenue forecasts while also expecting losses per share to increase. View our latest analysis for Rigetti Computing The consensus price target was broadly unchanged at
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News
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- What's Behind The 500% Rise In RGTI Stock? [Forbes]Forbes
RGTI
Earnings
- 11/12/24 - In-Line
RGTI
Sec Filings
- 12/13/24 - Form 4
- 12/11/24 - Form 4
- 12/10/24 - Form 144
- RGTI's page on the SEC website