Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the High-Flying Stocks to Buy Right Now. On January 22, B. Riley analyst Craig Ellis upgraded the company’s stock to “Buy” from “Neutral” with an unchanged price objective of $35. While the firm noted the stock’s valuation for this upgrade, it appreciates Rigetti Computing, Inc. (NASDAQ:RGTI)’s near-term commercial trajectory. Also, after India’s Centre for Development of Advanced Computing (C-DAC) order, the firm now has a much clearer visibility into estimates for 2026.
Notably, on January 20, it was announced that Rigetti Computing India P L, which is a wholly owned subsidiary of Rigetti Computing, Inc., received a $8.4 million purchase order to deliver a 108-qubit quantum computer to C-DAC. This is India’s premier R&D organization of the Ministry of Electronics and Information Technology.
The system, which is slated to be deployed in H2 2026, would be installed on-premises at C-DAC’s Bengaluru center.
Rigetti Computing, Inc. is a pioneer in full-stack quantum computing. The company builds quantum computers and the superconducting quantum processors.
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This article is originally published at Insider Monkey.
