Rigetti stock price forecast shows heightened volatility after

Rigetti stock price forecast shows heightened volatility after recent earnings, with shares hovering around $0. Rigetti's share price lost momentum as investors became more risk-averse early in this month's trading. The stock also saw a huge sell-off after Nvidia's Jensen Huang stated that it was unlikely that commercially useful quantum computers will be ready within the next 15 years. Rigetti Computing (RGTI) has been in the spotlight after B. Riley analyst Craig Ellis boosted his price target to a street-high $35 on Sept. 23. RGTI stock jumped 10% that day as a result. The firm’s bullish note pointed to accelerating progress in the quantum computing sector, including national labs shifting focus from pure research to commercialization, as justification. This new target is well above the consensus analyst forecast of around $21, reflecting confidence in Rigetti’s execution and market potential. Rigetti stock price forecast anticipates range-bound movement pending macroeconomic direction. Traders keep close watch on Nasdaq performance correlation in this high-beta stock.