Latest news with #CraigEllis
Yahoo
12-08-2025
- Business
- Yahoo
RGTI: Rigetti Stock Soars 1,700% as Quantum Earnings Test Looms
Aug 11 - Rigetti Computing (NASDAQ:RGTI) is about to step into the spotlight again, with Q2 2025 earnings set to drop after the closing bell on Tuesday, August 12. The stock has already rocketed more than 1,700% over the past year, fueled by red-hot investor interest in quantum tech. Analysts expect the company to post a narrower quarterly loss of $0.05 per share, better than last year's $0.07 loss. Revenue, however, is forecast to slide 39% to $1.87 million, showing that commercial traction is still a work in progress. Warning! GuruFocus has detected 3 Warning Signs with RGTI. Investors will be watching three things: cash burn, breakthroughs in quantum hardware, and any fresh customer wins or adoption milestones. The bears of Wall Street are getting bulls, Needham analyst N. Quinn Bolton raised his price target to $18 (previously $15), and B. Riley analyst Craig Ellis raised his target to $19, both holding Buy ratings. Options traders aren't staying quiet either; they're betting on a 12% post-earnings swing in either direction. Buckle up. RGTI is a momentum rocket in a high-risk sector. The earnings print could either cement its quantum darling status or bring a dose of reality. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
09-08-2025
- Business
- Business Insider
Is Rigetti Computing Stock (RGTI) a Buy Before Q2 Earnings?
Quantum computing company Rigetti Computing (RGTI) is scheduled to report its results for the second quarter of 2025 after the market closes on Tuesday, August 12. Despite growing competition in the quantum computing space, analysts remain upbeat about the company's growth due to its meaningful progress on its quantum roadmap. RGTI stock has surged approximately 1,786% over the past year, driven by growing investor interest in next-gen computing. Overall, analysts currently rate RGTI stock as a 'Strong Buy' ahead of the release. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. What to Expect from RGTI's Q2 Earnings Wall Street analysts expect Rigetti to report a narrower loss per share of $0.05 in Q2 2025, compared to a loss of $0.07 in the prior-year quarter. However, the company's revenue for Q2 2025 is expected to decline by about 39% year-over-year to $1.87 million. It's worth noting that Rigetti has missed earnings estimates six times in the past nine quarters. RGTI Is Not Yet Making Real Profits Rigetti is making progress, but it's still not profitable. The company reported net income of $42.6 million in Q1 2025, but this was mostly due to a $62.1 million non-cash gain, not from its core business. Meanwhile, revenue fell 52% year-over-year to $1.5 million. Even with these challenges, Rigetti's cash position remains strong. It ended the first quarter with $209.1 million in cash and investments, giving it a solid cushion to keep operating. The company is also cutting costs and staying focused on its tech goals. It plans to launch a 36-qubit system by mid-2025 and aims to go beyond 100 qubits by the end of the year using chiplet architecture. Analysts Remain Upbeat About the Stock Heading into the Q2 print, Needham Top analyst N. Quinn Bolton reiterated a Buy rating on RGTI stock and raised the price target to $18 from $15, citing growing momentum in quantum tech. He believes new U.S. policy efforts, like the Quantum Leadership Act of 2025, could drive government funding higher and benefit companies like Rigetti. Also, B. Riley analyst Craig Ellis recently raised his price target on Rigetti Computing to $19 from $15 and maintained a Buy rating. The 5-star analyst expects Q2 revenue and EPS to come in at $1.9 million and ($0.06), roughly in line with consensus. Is RGTI Stock a Buy, Sell, or Hold? Turning to Wall Street, analysts have a Strong Buy consensus rating on RGTI stock based on seven unanimous Buys assigned in the past three months, as indicated by the graphic below. The average RGTI stock price target is $16.80, implying upside potential of 7.28%.
Globe and Mail
11-07-2025
- Business
- Globe and Mail
Analysts Offer Insights on Technology Companies: D-Wave Quantum (QBTS) and Zscaler (ZS)
There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on D-Wave Quantum (QBTS – Research Report) and Zscaler (ZS – Research Report) with bullish sentiments. Don't Miss TipRanks' Half-Year Sale 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. D-Wave Quantum (QBTS) Financial analyst Craig Ellis maintained a Buy rating on D-Wave Quantum today and set a price target of $20.00. The company's shares closed last Wednesday at $16.39. According to Ellis is a 5-star analyst with an average return of 24.3% and a 54.1% success rate. Ellis covers the Technology sector, focusing on stocks such as Axcelis Technologies, indie Semiconductor, and Skyworks Solutions. ;'> D-Wave Quantum has an analyst consensus of Strong Buy, with a price target consensus of $17.29, which is a 5.6% upside from current levels. In a report issued on July 1, Cantor Fitzgerald also initiated coverage with a Buy rating on the stock with a $20.00 price target. Zscaler (ZS) In a report released today, Gray Powell from BTIG maintained a Buy rating on Zscaler, with a price target of $365.00. The company's shares closed last Wednesday at $316.50. According to Powell is a 5-star analyst with an average return of 10.9% and a 58.0% success rate. Powell covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and CyberArk Software. ;'> The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zscaler with a $313.08 average price target, implying a -0.6% downside from current levels. In a report issued on June 25, Robert W. Baird also maintained a Buy rating on the stock with a $315.00 price target.
Yahoo
23-06-2025
- Business
- Yahoo
B. Riley Securities Raises Lam Research (LRCX) PT to $115, Keeps Buy Rating
Lam Research Corporation (NASDAQ:LRCX) is one of the best QQQ stocks to buy according to hedge funds. On June 18, B. Riley Securities analyst Craig Ellis raised the price target for Lam Research from $95 to $115, while maintaining a Buy rating on the shares. The adjustment cited ample upside room ahead due to the company's strong financial targets and robust growth in new product revenue and market share. In FQ3 2025, the company achieved a revenue of $4.72 billion, which was an 8% increase from the prior quarter. Key revenue compositions for the quarter included Memory at 43%, Foundry at 48%, and Logic and Other at 9%. Regionally, China contributed 31% of the revenue, with Taiwan and Korea each accounting for 24%. A technician operating an automated semiconductor processing machine with laser accuracy. Lam Research demonstrated leadership in virtual fabrication with new licensing agreements for its SEMulator3D platform in the quarter. However, the company experienced a decrease in memory systems revenue, as well as logic and other systems revenue, due to reduced leading-edge spending. Lam Research Corporation (NASDAQ:LRCX) designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. While we acknowledge the potential of LRCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
13-03-2025
- Business
- Globe and Mail
D-Wave Claims It Has Achieved Quantum Supremacy. Should You Buy QBTS Stock Now?
D-Wave Quantum (QBTS) has rallied more than 25% over the past five trading days after the company said it achieved a coveted industry landmark of 'quantum supremacy.' What it essentially means is that the company's quantum computer can now solve certain problems that can't be deciphered with a conventional computer. 'This, in some sense, is the holy grain for quantum computing,' according to D-Wave Quantum CEO Alan Baratz. QBTS shares are now up more than 75% versus their year-to-date low. Is It Too Late to Invest in D-Wave Stock? Despite a sharp increase in the D-Wave stock price in recent sessions, it's reasonable to believe that it will rise further this year, given that quantum computing is emerging as the hottest tech trend in 2025. In fact, QBTS shares could print a new high of $11 by early next year as the Canadian firm is a 'differentiated tile in the quantum mosaic,' argued Craig Ellis, a B. Riley analyst in a recent note. Ellis remains bullish on the quantum computing stock as it has a clear path to commercial adoption. Additionally, the NYSE-listed firm has made remarkable progress in improving its balance sheet, he added. Note that estimates more broadly are for accelerated innovation in quantum computing technology to add as much as $1 trillion to the global economy by 2035. QBTS Expects a Sharp Beat on Revenue in Q1 D-Wave stock may be worth owning at current levels for the strength of its financial as well. The quantum computing pure-play saw its revenue come in at a better-than-expected $2.3 million in Q4. More importantly, the company ended the quarter with bookings up a remarkable 502% on a year-over-year basis, indicating continued momentum moving forward. QBTS now expect its revenue to exceed $10 million in the current quarter following the sale of its Advantage quantum computer to Germany's Jülich Supercomputing Centre (JSC). Analysts previously expected the company to report just $2.55 million in revenue for Q1. What Wall Street Expects from QBTS Shares in 2025 D-Wave's recent milestone, its strong financials, and path to commercial adoption is keeping Wall Street bullish on QBTS stock at large. The consensus rating on D-Wave shares currently sits at 'Strong Buy' with the mean target of $7.67 indicating potential upside of another 15% from current levels.
