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Benchmark Raises Rigetti Computing Price Target Amid Quantum Computing Momentum
Benchmark Raises Rigetti Computing Price Target Amid Quantum Computing Momentum
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Benchmark analyst David Williams elevated Rigetti Computing's price target from $20 to $50, citing strong execution and accelerating industry adoption. The quantum computing firm's scalable superconducting architecture and improving qubit fidelity signal tangible progress.
Government contracts and private-sector demand are fueling growth. Rigetti's vertically integrated hardware stack and cost-efficient design position it as a potential acquisition target for tech giants seeking quantum acceleration.
Investor appetite for quantum technology is surging, with billion-dollar funding rounds validating the sector's potential. Williams maintains a Buy rating, noting Rigetti's intellectual property moat and commercialization milestones.
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