Why Rigetti Computing Stock Lit Up Today
Rigetti Computing (NASDAQ: RGTI) surged ahead to close up 15.5% Wednesday after investment bank Cantor Fitzgerald initiated coverage of the quantum computing stock with an outperform rating (i.e., buy) and a $15 price target -- which, if correct, implies Rigetti stock could go up another 20% over the next 12 months.
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"Quantum computing is in its infancy," explains Cantor in a note covered on StreetInsider.com today, "but remains one of the most highly coveted technical milestones with enormous economical implications."
Source Fool.com
