Rigetti Computing Stock Analysis: The Upside Case
Rigetti Computing (NASDAQ: RGTI) has been riding high, up around 5% on January 22, after the company scored an $8.4 million order from India’s C-DAC for a 108-qubit quantum system, and the market loved it. B. Riley also upgraded the stock to a “Buy” rating. RGTI stock is already up 85% over the past twelve months, so momentum’s clearly building. But what can propel the stock to double from here to hit $50 in the next 12-18 months?
Before we walk through what would need to happen, if you seek an upside with less volatility than holding an individual stock, consider the High Quality Portfolio. It has comfortably outperformed its benchmark—a combination of the S&P 500, Russell, and S&P MidCap indexes—and has achieved…
