Rosenblatt Initiates 'Buy' on Quantum Stocks RGTI, QUBT

Key Analyst Ratings Issued

Rosenblatt Securities has initiated coverage on quantum computing firms Rigetti Computing Inc (NASDAQ:RGTI) and Quantum Computing Inc (NASDAQ:QUBT), assigning both a 'Buy' rating. The firm set a specific price target of $40 for Rigetti Computing, signaling strong confidence in its future performance.

Quantum Sector Overview

The initiation of coverage reflects growing institutional interest in the quantum computing sector, which is widely viewed as a frontier technology with significant long-term growth potential. Rosenblatt's positive outlook is based on specific technological advantages and strategic positioning within this emerging industry.

Market and Stock Impact

This bullish stance is expected to positively influence investor sentiment towards RGTI and QUBT. For Rigetti, Rosenblatt highlighted its modular approach to scaling superconducting qubits and its vertically integrated internal fabrication capabilities as key drivers for the favorable rating and price target. These analyst ratings often act as a catalyst for stock price movements and increased trading volume.

Forward Outlook

The 'Buy' ratings underscore a belief in the long-term value proposition of these quantum companies. Market participants will now closely monitor their progress in achieving technological milestones and commercializing their platforms. The analysis suggests a strong growth trajectory based on current fundamentals and strategic advantages.

FAQ

Q: Which quantum companies did Rosenblatt rate as 'Buy'?
A: Rosenblatt initiated 'Buy' ratings for Rigetti Computing Inc (RGTI) and Quantum Computing Inc (QUBT).

Q: What is the price target for Rigetti Computing (RGTI)?
A: Rosenblatt set a price target of $40 for Rigetti Computing.

Source: Investing.com