Latest news with #Cantor
Yahoo
6 days ago
- Business
- Yahoo
Why Did Oklo Stock Drop Today?
Cantor Fitzgerald initiated coverage of Oklo stock with an overweight rating today. Oklo also announced it will hire Kiewit Nuclear Solutions Co. to help build its first commercial reactor. Things are progressing at Oklo, but the stock costs quite a lot and has no revenue. 10 stocks we like better than Oklo › Shares of small nuclear reactor-builder Oklo (NYSE: OKLO) tumbled 3.1% through 12:10 p.m. ET Tuesday. Curiously, the news on Oklo today is good, not bad. Cantor Fitzgerald initiated coverage of Oklo stock with an overweight rating and a $73 price target. No sooner had it done so than Oklo announced it has picked Kiewit Nuclear Solutions Co. to help build its first commercial Aurora powerhouse in Idaho, at Idaho National Laboratory (INL). Let's start with the initiation. As The Fly relates, Cantor is calling Oklo key to a global transition to safe nuclear energy. The company's small module reactor technology relies on "proven" fast fission reactors, which should help with Nuclear Regulatory Commission approvals. Cantor expects Oklo to become a "big winner" in the transition to nuclear energy. Moving next to the INL announcement, Oklo says "pre-construction" work on its new reactor will begin later this year, and "commercial operations [are] targeted for late 2027 to early 2028." Importantly, Oklo also confirmed that it has secured access to the uranium fuel it will need to operate the reactor, and is making "regulatory progress" toward getting it design approved. And yet, investors don't seem to be buying the argument -- or the stock, at least not today. Why not? Valuation's probably one concern. Oklo stock costs $9.2 billion, yet the company has neither profit not even revenue on which to hang a valuation. While analysts do expect revenue to begin in 2027, in line with the "commercial operations" forecast, profits won't arrive until 2030 at the earliest. It's hard to value a stock with so many unknowns, lasting so many years into the future. And it's hard to call Oklo stock a buy because of this. Before you buy stock in Oklo, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Oklo wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $680,559!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,005,670!* Now, it's worth noting Stock Advisor's total average return is 1,053% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Did Oklo Stock Drop Today? was originally published by The Motley Fool
Yahoo
6 days ago
- Business
- Yahoo
With Military Drones in Hot Demand, Cantor's Got 2 Stocks You'll Want to Own
War has always been a driver of human invention, and the latest wars in Ukraine and the Middle East are no exception. Both conflicts have been dragging on – the Middle East war for nearly two years, the Ukraine war for three and a half now – and some trends are growing clear. Prime among these: the increasing importance of drone aircraft and high-end air defense systems. Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Ukraine's strike against the Russian strategic bomber force demonstrated the attack capabilities of military drones, while Israel's 12-day campaign against Iran made clear the importance of air defenses in protecting the home front. Defense sector expert Colin Canfield, from Cantor, has been following the developments in the military field, and sees drone technology as a key point for investors to follow. 'We think investor sentiment has materially improved from 1Q, thanks to pragmatism around U.S. defense budget growth, the sustainability of Ukrainian security funding, and likelihood of continued deterioration of global security architectures. However, we think markets are still under-appreciating both the magnitude and the sustainability of growth for Defense Tech, especially in faster-growing areas like drones, air defense, munitions, and directed energy. We admit valuations are stretched, but we also think shares can quickly approach Space-like valuations, as companies benefit from both a robust catalyst cycle and cash flow environment,' Canfield opined. Against this backdrop, Canfield has singled out two drone-tech stocks that could be well-positioned for gains. But is he alone in his optimism? To find out if other analysts share his view, we turned to the TipRanks database. Let's dive in. Kratos Defense (KTOS) First up is Kratos Defense, a San Diego-based defense contractor that specializes in transformative technologies, platforms, and systems, particularly those applied to drone and aerial target vehicles. The company's main customer base resides in the US national security sector, where the company has important contracts with the US Air Force and Navy, as well as with the US Intelligence Community and the Missile Defense Agency. Kratos has multiple programs under development, including various drones, satellites, and microwave electronics – but the company's leading program, generating the most headlines and hype, is the XQ-58 Valkyrie. The XQ-58 is a stealthy unmanned aerial vehicle being developed under the Air Force's Low-Cost Attritable Strike Demonstrator program. The aircraft has been flying since 2019, is anticipated to enter service in the coming years, and has potential to change the way that air warfare is conducted. In short, the XQ-58 was conceived as the embodiment of the 'loyal wingman' concept, a dedicated, combat-capable drone controlled, or overseen, by a manned fighter aircraft. The XQ-58 can have several roles, ranging from advanced reconnaissance to penetrating air defenses and drawing fire, to delivering air-to-air and air-to-ground ordnance. In addition to its 'loyal wingman' design concept, the XQ-58 is capable of autonomous operations, using a combination of stealth, maneuverability, and high subsonic speed to enhance its survivability. It's a flexible airframe, with applications across multiple Defense Department missions. We should note that, while the XQ-58 may be Kratos's leading program, the company has numerous other projects ongoing, and is actively moving to take on new ones. On the latter, the company announced this past June 11 that it had been awarded a $25 million task order from the US Space Force, to provide support ground system capabilities for the Space Force's Evolved Strategic Satellite Communications (ESS) program. This is a vital satellite communications capability of the nation's strategic nuclear command and control. Turning to the financial results, we see that Kratos reported 1Q25 revenues of $302.6 million, beating the forecast by $10 million and growing 9% year-over-year. The company's earnings in the quarter came to 12 cents per share by non-GAAP measures, or 3 cents per share ahead of expectations. Kratos finished Q1 with $263.7 million in cash and cash equivalents on hand, and the company's consolidated backlog, as of March 30, came to $1.5 billion. This stock was named as a Top Pick by analyst Canfield. In his coverage for Cantor, Canfield noted the XQ-58 as a key driver for Kratos's near-term success, writing, 'While we've seen significant run-ups in share price ahead of X-58's expected entry into services (the stock is up 96% year-to-date), we think this time market sentiment is under-appreciating the upside and sustainability of KTOS' growth algorithm, especially as we consider Group 4-5 drones as not a 'winner take all' as implied by CCA, but part of a series of service-branch solutions where each drone fits each mission. In this setup, we especially like the X-58 as U.S. force structure decisions move from survivable to attrition-derived outcomes.' Looking forward, Canfield believes that Kratos holds a sound position to support further growth, with a solid backlog and a strong proposal pipeline. He says of the company's prospects, 'We also think KTOS has best-in-class potential for assuming a greater role in the microwave electronics and munitions markets, thanks to their work around higher-value systems and classified programs… Taken together, we think KTOS is still early innings in its growth trajectory after years of careful investment in drones, and electronics position itself well to take on more significant Prime-like capabilities.' In all, the Cantor analyst rates KTOS as Overweight (i.e., Buy), and he gives it a $60 price target to suggest a one-year gain of 16%. (To watch Canfield's track record, click here) KTOS shares have a Strong Buy consensus rating from the Street, based on 10 reviews that include 8 Buys and 2 Holds. However, the stock is priced at $51.71 and its average target price of $49.57 implies that it will shed 4% in the next 12 months. Given this discrepancy, watch out for price target hikes or rating downgrades shortly. (See KTOS stock forecast) AIRO Group Holdings (AIRO) The second stock we'll look at, AIRO, is new to the public markets, having started trading on Wall Street through an IPO held just last month. The shares represent AIRO Group Holdings, an aerospace and defense company with four operating divisions, focused on drones and other uncrewed air systems; electric and hybrid vertical lifting aircraft; training for both commercial and military aviation; and avionics and electronics systems. The company got its start in urban air mobility but has quickly learned to adapt its technology to the growing demands of the defense industry. AIRO's leading product is its RQ-35 Heidrun drone, which is produced under license in Denmark for the Danish military. The RQ-35 is a battle-proven, man-portable system, designed to be carried by a single user with a specialized backpack, although it is frequently used by small ground crews. The system does not require access to GPS or related navigation systems for successful deployment, can be controlled from a tablet device, and boasts best-in-class flight time and operational range. Also notable among AIRO's programs is its development of EVTOL systems. These are electric vertical take-off and landing craft, designed to carry a small number of passengers and/or gear over ranges of 20 to 100 miles while operating solely on battery power. They offer advantages in flexibility of basing and deployment, as well as noise reduction. AIRO is developing the technology for urban air taxi and cargo services – but also for emergency response missions. The company is developing EVTOL aircraft based on its patented slowed rotor compound (SRC) technology, which is proven to reduce drag and vibration for a quieter, more efficient flight. As noted, AIRO went public last month through an IPO. The company priced the offering on June 12, with 6 million shares made available at $10 each. When the IPO closed on June 16, 6.9 million shares had been sold, and AIRO had raised $69 million in gross proceeds. Checking in again with Canfield, and the Cantor view, we find the analyst upbeat based mainly on AIRO's drone and EVTOL technologies. He says of the company, 'We think of AIRO's equity story as a case of medium-term drone profits being invested in longer-term EVTOL prospects. Starting with drone dynamics, we think continued RQ-35 orders from NATO partners, DoD Blue UAS certification, and accelerating non-NATO demand can combine to support a robust multi-year growth trajectory. Longer term, we also think RQ-35's mission survivability, alt-PNT integration, and ISR capabilities can provide significant land-and-expand opportunities with NATO + other allies. Turning to EVTOL, we think investor sentiment may continue to be mixed, but we think of AIRO investment as an easy risk-adjusted bet by the company to unlock significant value.' Canfield sums it up by noting the stock's prospects, based on its exposure to the defense sector: 'Taken together, we think shares will track to defense sentiment near term as investors parse through organizations best-situated to execute, with longer-term sentiment progression driven by drone orders, air mobility progress, and avionics/training earnings growth.' For the Cantor analyst, this all adds up to another Overweight (i.e., Buy) rating. He backs that up with a $35 price target, showing his confidence in a one-year gain for the stock of 21.5%. AIRO's Strong Buy consensus rating is based on a unanimous 3 Buys while this new stock's $30.67 average target implies shares have upside of 6.5% in them for the next year. (See AIRO stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Disclaimer & DisclosureReport an Issue Sign in to access your portfolio
Irish Independent
13-07-2025
- Business
- Irish Independent
Cantor's Irish profits rise 36pc as income surpasses €60m for first time
Total income at Cantor's Irish arm increased by 19pc to €61.6m over the same period, while assets under management increased by 10pc to €9.2bn. The company surpassed €60m in total income for the first time. The firm said that Cantor's asset management arm had outperformed its peers, with its flagship funds up by between 12.3pc and 25.3pc. Cantor now employs 212 staff in Ireland and has offices in Dublin, Cork and Limerick. 'These returns show that our investment in people and technology is continuing to bear fruit,' said Gerard Casey, CEO of Cantor. 'We are, of course, very pleased that our clients benefited from a very strong performance in 2024 and thanks to a number of key investment decisions that performance has continued into 2025.' US trade secretary Howard Lutnick was Cantor Fitzgerald's CEO until he joined US president Donald Trump's cabinet in February. He subsequently sold his stakes in the Wall Street business group, passing ownership to his children and private outside investors – reportedly cashing out at least hundreds of millions of dollars. His two eldest sons, Brandon and Kyle, were appointed earlier this year to oversee the group. In March, Lutnick publicly attacked Ireland, calling the country his favourite 'tax scam'. He claimed in a podcast that Ireland had all of the US multinational technological and pharmaceutical intellectual property (IP) rights and this deprives the US of tax revenue. 'That's gotta end,' he said. There have been numerous changes at Cantor's Irish arm over the past year too. Former CEO of both Aviva Life and Pensions and Friends First Tom Browne has just been appointed as chairman of the Cantor Fitzgerald Ireland board. Previously, Irving Byrne became head of Wealth Management, while Aine Cornally joined as chief operating officer.
Yahoo
05-07-2025
- Business
- Yahoo
D-Wave and Rigetti: Cantor Chooses the Best Quantum Computing Stocks to Buy
Not every generation witnesses the birth of a truly game-changing technology, but today's breakthroughs in quantum computing are handing us a front-row seat to history. Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Put simply, quantum computing brings the power of superpositioning to the world of computers. Where traditional computers operate in binary, with any given byte of data represented by a 1 or a 0, on or off, quantum computing uses qubits, quantum bits, to hold data. And qubits, following the principles of quantum physics, can exist in multiple states simultaneously. This fundamental difference is what sets quantum computing apart, enabling quantum machines to run at far higher speeds and tackle far larger data volumes than traditional computers. In fact, quantum computers are capable of solving problems so complex that even the most advanced 'classical' supercomputers would struggle. Analyst Troy Jensen from Cantor has summed up the broader investment outlook for this breakthrough technology, noting: 'Quantum computing is in its infancy, but remains one of the most highly coveted technical milestones with significant economic implications. While we are likely years away from full-scale quantum capabilities, the technology has already captured the interest of investors… The quantum computing sector remains in an early growth phase, with valuation multiples still based on potential rather than current financial performance. As commercial applications scale beyond research partnerships and into enterprise adoption, investor confidence is expected to grow, leading to more stable stock performance for leading players.' Reflecting this perspective, Jensen has singled out D-Wave (NYSE:QBTS) and Rigetti (NASDAQ:RGTI) as some of the most promising quantum computing stocks to buy at the moment. And he's not alone — TipRanks data shows the analyst community has assigned both companies a Strong Buy rating. Let's take a closer look to find out what makes them stand out. D-Wave Quantum The first quantum computing stock we'll look at is D-Wave, one of the sector's leaders. This company hails from Palo Alto, in the heart of California's Silicon Valley, where it was founded in 1999. D-Wave has developed both hardware and software systems for quantum computing, as well as the cloud services, app development tools, and professional support services necessary to provide 'end-to-end' quantum computing. The company boasts that it was the world's first supplier of quantum computers, putting the new technology on the map and in real-world use. D-Wave's systems can claim an impressive 99.9% availability, and the company can provide quantum computing to its customers via the cloud or 'on premises.' In an important announcement, showing the rapid advancements in the field, D-Wave released its latest quantum computing system for general availability this past May. The system, the Advantage2, is a sixth-generation quantum computer with a proven ability to solve complex computational problems that are beyond the reach of current, 'classical' computer technology. The Advantage2 uses D-Wave's most advanced quantum processor, and the company has built the system to commercial-grade, optimizing it to address real-world computing needs such as AI. In its 25-plus years of operation, D-Wave has built itself into a $4.6 billion company, with some 200 employees at work bringing quantum computing from the drafting tables to the real world. The company's teams are composed of experts in a wide range of fields, including physics, cloud computing infrastructure, processor development, and even chip fabrication. The company takes care to protect its intellectual property, and has been granted more than 250 US patents. Turning to the company's financial results, we find that D-Wave reported a strong increase in revenue during 1Q25, its last reported period. The top line in that quarter came to $15 million, up an impressive 507% year-over-year, beating the forecast by $4.5 million, and coming in at a company record. D-Wave's GAAP EPS for the quarter came to a loss of 2 cents per share – but we should note that this figure was 3 cents per share better than had been expected. The company finished Q1 with a record quarter-end cash balance, reported as $304.3 million. Checking in with Cantor analyst Troy Jensen, we find him upbeat on D-Wave's leading position as a supplier of commercial-grade quantum computing. Jensen also notes the company's sound cash position, and in summing up his stance writes, 'D-Wave presents a differentiated opportunity in the quantum computing landscape as the only public company delivering commercially deployed quantum systems with near-term revenue visibility. With a defensible position in Annealing-based quantum optimization, expanding enterprise use-cases, and with over $300 million cash in its balance sheet, D-Wave offers a compelling mix of de-risked technology, maturing go-to-market executing, and asymmetric upside as quantum adoption accelerates across government, automotive, logistics, and research sectors.' The analyst goes on to put an Overweight (i.e., Buy) rating on the stock, and his $20 price target points toward a one-year upside potential of 25%. (To watch Jensen's track record, click here) The Strong Buy consensus rating here is unanimous, based on 6 recent positive analyst reviews. The shares are priced at $15.98, and their $17.33 average price target implies an 8.5% gain for the next 12 months. (See QBTS stock forecast) Rigetti Computing Next on our list is Rigetti Computing, another leader in the space. The company has created a basic architecture for an advanced quantum computer system, based on a supercooling dilution refrigeration system designed to generate temperatures as low as one-hundredth of a degree Kelvin. That level of cooling is needed to support Rigetti's QPUs, or quantum processor units; these are the quantum integrated circuits which form the base of Rigetti's quantum computing technology. Because Rigetti involves itself in every aspect of designing and building out its quantum computers, the company is able to custom-create machines to fit any customer's design specs and scale. In an important feature, Rigetti also provides quantum cloud services, a hybrid service of quantum and classical computing offered via the cloud – giving customers access to quantum computing who may not need a whole quantum device in-house. Rigetti's system can support ultra-low-latency connections and forms the hybrid by linking high-performance classical computers to its quantum cloud. Rigetti's most powerful quantum computer is its Ankaa-3 system, which was deployed in December of last year and can handle more than 80 qubits of processing power. The company has also developed and made available a smaller, 9-qubit system derived from the Ankaa-3. This system, Novera, is intended to make quantum computing available on a smaller scale, allowing a wider range of customers to access the new technology's high computing performance. On the financial side, Rigetti's 1Q25 results showed that the company is clearly still in development stages. Rigetti's revenue for the quarter came to $1.5 million, missing the forecast by over $1 million, while the company's operating expenses came to $22.1 million. The company's operating loss in Q1 was reported as $21.6 million. At the same time, the company has achieved some important business developments recently. During Q1, Rigetti was chosen to participate in a DARPA quantum benchmarking initiative, and more recently, in May, the company announced that it will participate in an international collaboration with QphoX and NQCC on a multi-channel optical readout for quantum processors. Rigetti's strengths in scaling its quantum technology and its successes in entering strategic R&D partnerships caught the attention of Cantor's analyst. Jensen writes of Rigetti and its prospects, 'Rigetti Computing is a vertically-integrated superconducting quantum company advancing toward scalable, fault-tolerant systems through its proprietary modular chip architecture, and leading gate fidelities. With strategic backing from Quanta Computer–including a $250 million co-development agreement and joint IP ownership–we think Rigetti is well-capitalized to execute its roadmap, including a >100-qubit system by end-2025. The company's diversified go-to-market approach spans cloud services, on-premise deployments, and long-term government-funded R&D with partners like DARPA, NASA, and the UK's NQCC. This combination of technical progress, strategic capital, and commercial traction positions Rigetti to compete for early quantum advantage and sustained leadership in the quantum industry.' Quantifying his stance, Jensen rates RGTI shares as Overweight (i.e., Buy), and he complements that with a $15 price target, implying a one-year gain for the stock of 15%. These shares have 6 positive reviews on file, for a unanimous Strong Buy consensus rating from the Street. The stock is priced at $13.08, and its average target price is $15, matching the Cantor view. (See RGTI stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Disclaimer & DisclosureReport an Issue
Yahoo
05-07-2025
- Business
- Yahoo
D-Wave and Rigetti: Cantor Chooses the Best Quantum Computing Stocks to Buy
Not every generation witnesses the birth of a truly game-changing technology, but today's breakthroughs in quantum computing are handing us a front-row seat to history. Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Put simply, quantum computing brings the power of superpositioning to the world of computers. Where traditional computers operate in binary, with any given byte of data represented by a 1 or a 0, on or off, quantum computing uses qubits, quantum bits, to hold data. And qubits, following the principles of quantum physics, can exist in multiple states simultaneously. This fundamental difference is what sets quantum computing apart, enabling quantum machines to run at far higher speeds and tackle far larger data volumes than traditional computers. In fact, quantum computers are capable of solving problems so complex that even the most advanced 'classical' supercomputers would struggle. Analyst Troy Jensen from Cantor has summed up the broader investment outlook for this breakthrough technology, noting: 'Quantum computing is in its infancy, but remains one of the most highly coveted technical milestones with significant economic implications. While we are likely years away from full-scale quantum capabilities, the technology has already captured the interest of investors… The quantum computing sector remains in an early growth phase, with valuation multiples still based on potential rather than current financial performance. As commercial applications scale beyond research partnerships and into enterprise adoption, investor confidence is expected to grow, leading to more stable stock performance for leading players.' Reflecting this perspective, Jensen has singled out D-Wave (NYSE:QBTS) and Rigetti (NASDAQ:RGTI) as some of the most promising quantum computing stocks to buy at the moment. And he's not alone — TipRanks data shows the analyst community has assigned both companies a Strong Buy rating. Let's take a closer look to find out what makes them stand out. D-Wave Quantum The first quantum computing stock we'll look at is D-Wave, one of the sector's leaders. This company hails from Palo Alto, in the heart of California's Silicon Valley, where it was founded in 1999. D-Wave has developed both hardware and software systems for quantum computing, as well as the cloud services, app development tools, and professional support services necessary to provide 'end-to-end' quantum computing. The company boasts that it was the world's first supplier of quantum computers, putting the new technology on the map and in real-world use. D-Wave's systems can claim an impressive 99.9% availability, and the company can provide quantum computing to its customers via the cloud or 'on premises.' In an important announcement, showing the rapid advancements in the field, D-Wave released its latest quantum computing system for general availability this past May. The system, the Advantage2, is a sixth-generation quantum computer with a proven ability to solve complex computational problems that are beyond the reach of current, 'classical' computer technology. The Advantage2 uses D-Wave's most advanced quantum processor, and the company has built the system to commercial-grade, optimizing it to address real-world computing needs such as AI. In its 25-plus years of operation, D-Wave has built itself into a $4.6 billion company, with some 200 employees at work bringing quantum computing from the drafting tables to the real world. The company's teams are composed of experts in a wide range of fields, including physics, cloud computing infrastructure, processor development, and even chip fabrication. The company takes care to protect its intellectual property, and has been granted more than 250 US patents. Turning to the company's financial results, we find that D-Wave reported a strong increase in revenue during 1Q25, its last reported period. The top line in that quarter came to $15 million, up an impressive 507% year-over-year, beating the forecast by $4.5 million, and coming in at a company record. D-Wave's GAAP EPS for the quarter came to a loss of 2 cents per share – but we should note that this figure was 3 cents per share better than had been expected. The company finished Q1 with a record quarter-end cash balance, reported as $304.3 million. Checking in with Cantor analyst Troy Jensen, we find him upbeat on D-Wave's leading position as a supplier of commercial-grade quantum computing. Jensen also notes the company's sound cash position, and in summing up his stance writes, 'D-Wave presents a differentiated opportunity in the quantum computing landscape as the only public company delivering commercially deployed quantum systems with near-term revenue visibility. With a defensible position in Annealing-based quantum optimization, expanding enterprise use-cases, and with over $300 million cash in its balance sheet, D-Wave offers a compelling mix of de-risked technology, maturing go-to-market executing, and asymmetric upside as quantum adoption accelerates across government, automotive, logistics, and research sectors.' The analyst goes on to put an Overweight (i.e., Buy) rating on the stock, and his $20 price target points toward a one-year upside potential of 25%. (To watch Jensen's track record, click here) The Strong Buy consensus rating here is unanimous, based on 6 recent positive analyst reviews. The shares are priced at $15.98, and their $17.33 average price target implies an 8.5% gain for the next 12 months. (See QBTS stock forecast) Rigetti Computing Next on our list is Rigetti Computing, another leader in the space. The company has created a basic architecture for an advanced quantum computer system, based on a supercooling dilution refrigeration system designed to generate temperatures as low as one-hundredth of a degree Kelvin. That level of cooling is needed to support Rigetti's QPUs, or quantum processor units; these are the quantum integrated circuits which form the base of Rigetti's quantum computing technology. Because Rigetti involves itself in every aspect of designing and building out its quantum computers, the company is able to custom-create machines to fit any customer's design specs and scale. In an important feature, Rigetti also provides quantum cloud services, a hybrid service of quantum and classical computing offered via the cloud – giving customers access to quantum computing who may not need a whole quantum device in-house. Rigetti's system can support ultra-low-latency connections and forms the hybrid by linking high-performance classical computers to its quantum cloud. Rigetti's most powerful quantum computer is its Ankaa-3 system, which was deployed in December of last year and can handle more than 80 qubits of processing power. The company has also developed and made available a smaller, 9-qubit system derived from the Ankaa-3. This system, Novera, is intended to make quantum computing available on a smaller scale, allowing a wider range of customers to access the new technology's high computing performance. On the financial side, Rigetti's 1Q25 results showed that the company is clearly still in development stages. Rigetti's revenue for the quarter came to $1.5 million, missing the forecast by over $1 million, while the company's operating expenses came to $22.1 million. The company's operating loss in Q1 was reported as $21.6 million. At the same time, the company has achieved some important business developments recently. During Q1, Rigetti was chosen to participate in a DARPA quantum benchmarking initiative, and more recently, in May, the company announced that it will participate in an international collaboration with QphoX and NQCC on a multi-channel optical readout for quantum processors. Rigetti's strengths in scaling its quantum technology and its successes in entering strategic R&D partnerships caught the attention of Cantor's analyst. Jensen writes of Rigetti and its prospects, 'Rigetti Computing is a vertically-integrated superconducting quantum company advancing toward scalable, fault-tolerant systems through its proprietary modular chip architecture, and leading gate fidelities. With strategic backing from Quanta Computer–including a $250 million co-development agreement and joint IP ownership–we think Rigetti is well-capitalized to execute its roadmap, including a >100-qubit system by end-2025. The company's diversified go-to-market approach spans cloud services, on-premise deployments, and long-term government-funded R&D with partners like DARPA, NASA, and the UK's NQCC. This combination of technical progress, strategic capital, and commercial traction positions Rigetti to compete for early quantum advantage and sustained leadership in the quantum industry.' Quantifying his stance, Jensen rates RGTI shares as Overweight (i.e., Buy), and he complements that with a $15 price target, implying a one-year gain for the stock of 15%. These shares have 6 positive reviews on file, for a unanimous Strong Buy consensus rating from the Street. The stock is priced at $13.08, and its average target price is $15, matching the Cantor view. (See RGTI stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Disclaimer & DisclosureReport an Issue
