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Stock impact report

Rosenblatt Initiates Coverage of Rigetti Computing (RGTI) Stock [Yahoo! Finance]

Rigetti Computing, Inc. (RGTI) 
Company Research Source: Yahoo! Finance
On January 15, Rosenblatt analyst John McPeake initiated coverage of the company's stock with a “Buy” rating and a price objective of $40. Notably, the firm likes the company's modular approach to qubit scaling and its internal fab approach. According to the analyst, Rigetti Computing, Inc. (NASDAQ:RGTI)'s work with leading quantum error correction partner Riverlane is promising in the medium- to long-term. In a separate release on January 9, Rigetti Computing, Inc. (NASDAQ:RGTI) announced that it revised its roadmap and adjusted the general availability date for its 108-qubit quantum computing system, Cepheus™-1-108Q. This is now anticipated to reach general availability around the end of Q1 2026. The company has a clear understanding of what needs to be done to achieve 99.5% median two-qubit gate fidelity, and it is well on its way to achieving it. Notably, building higher-qubit-count systems could help uncover new challenges. Rigetti Computing, Inc. (NASDAQ:RGTI) is an integr Show less Read more
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