Stock Track | Rigetti Computing Soars 5.46% as Craig-Hallum Initiates with Buy Rating and $12 Price Target

Stock Track12-20 22:48

Rigetti Computing (RGTI) stock soared 5.46% in pre-market trading on Friday morning, building on its recent momentum.

The surge came after Craig-Hallum initiated coverage on the quantum computing company with a Buy rating and $12 price target, representing significant upside from current levels.

Craig-Hallum cited Rigetti's promising quantum computing technology and market opportunities as key reasons for the bullish initiation. The firm believes Rigetti is well-positioned to capitalize on the growing demand for quantum computing solutions.

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