Qubt stock price strong buying pressure has pushed QUBT
Strong buying pressure has pushed QUBT stock price 5% higher in after-hours trading, with speculation around new industry partnerships. Market chatter hints at possible R&D breakthroughs that could trigger revaluation. Based on the one year price targets offered by 6 analysts, the average target price for Rigetti Computing Inc is $21.83 with a high estimate of $35.00 and a low estimate of $18.00. The average target implies a downside of -38.32% from the current price of $35.40. The analyst believes that this advantage is supported by Quantum Computing Inc. (NASDAQ:QUBT)’s U.S.-based foundry, which is well-placed to capitalize on the constrained supply chain and growing demand in sectors including telecom and datacom. Furthermore, Quantum Computing Inc. (NASDAQ:QUBT)’s diverse approach, including the development of proprietary photonic chips and quantum computing solutions, places it well for future growth, added Michaelis. Options traders targeting QUBT stock price pushed call volumes 45% above normal, signaling speculative bets on near-term appreciation ahead of quarterly earnings announcements.
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