We recently published a list of These 10 Stocks Soared by Double Digits Today! In this article, we are going to take a look at where Rigetti Computing, Inc. (NASDAQ:RGTI) stands against other stocks that soared today.
Rigetti Computing soared to a new 3-month high on Thursday, adding 26.46 percent to finish at $13.86 apiece, in line with the surge in its quantum computing peers.
During the session, Rigetti Computing, Inc. traded higher alongside D-Wave Quantum Inc. (NYSE:QBTS), Quantum Computing Inc. (NASDAQ: QUBT), and IONQ Inc. (NYSE:IONQ), helped by developments in the quantum computing industry that spilled over into the company. This included a fellow quantum computing firm’s launch of a new computer that is said to be capable of solving problems beyond the capabilities of a classical GPU-based supercomputer.
A close up of an engineer typing at a quantum computing station in a modern office space.
Additionally, investors snapped up shares in Rigetti Computing, Inc. following Craig-Hallum’s higher price target of $14. Based on its Thursday close, the company was just 1-percent shy of the said price target.
In recent news, Rigetti Computing, Inc. said revenues fell by 52 percent to $1.47 million from $3.05 million in the same period last year, as loss from operations expanded by 30 percent to $21.6 million from $16.58 million year-on-year.
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This article is originally published at Insider Monkey.
