Latest news with #N.QuinnBolton
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%.
Business Insider
05-08-2025
- Business
- Business Insider
RGTI and IONQ: Needham Boosts Price Targets on Two Key Quantum Stocks
Shares of two quantum computing stocks, Rigetti Computing (RGTI) and IonQ (IONQ), are trending higher in the pre-market trading session. In a new report today, Needham Top analyst N. Quinn Bolton assigned a 'Buy' rating to both stocks and increased price targets for each, pointing to rising momentum in the quantum computing space. 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. For Rigetti stock, the five-star analyst raised the price target to $18 from $15, implying 27% upside potential. For IonQ stock, he lifted the price target to $60 from $50, which implies 57% upside potential. Why Is Needham Bullish on These Stocks? In his latest note, Bolton said that new policy moves in Washington may boost prospects for companies like Rigetti and IonQ. He pointed to the Department of Energy's Quantum Leadership Act of 2025, a bill now being looked at in Congress. This bill would set aside more than $2.5 billion over five years to grow the Department of Energy's (DOE's) work in quantum research. Bolton believes that if the bill becomes law, it would lead to a sharp rise in U.S. government spending on quantum tech, giving a clear boost to firms like Rigetti and IonQ. He also pointed to DARPA's Quantum Benchmarking Initiative as another key sign. He sees this as a strong sign that federal agencies are becoming more serious about pushing quantum technologies forward. With both public and private interest building in quantum computing, he thinks Rigetti and IonQ are in a good spot to grow as support and funding keep building. We used the TipRanks Stock Comparison Tool to determine which stock is more favored by analysts. Currently, Wall Street has a 'Strong Buy' consensus rating on both stocks, with IONQ offering higher upside potential of 25% over the next 12 months. Meanwhile, RGTI's average share price target of $16.20 implies upside of 14.7% from current levels.
Yahoo
21-03-2025
- Business
- Yahoo
Micron Shares Fall Despite Record 50% HBM Revenue Surge
Micron Technology (MU, Financial) shares fell about 7% on Friday morning trading despite strong fiscal Q2 2025 results that surpassed expectations. Warning! GuruFocus has detected 3 Warning Sign with MU. The chipmaker posted record revenue from high-bandwidth memory as demand outpaced supply. However, pricing pressures in NAND and consumer-focused segments pulled its consolidated gross margin down to 37.9%, a decline of 160 basis points sequentially. Chief Financial Officer Mark Murphy said a high-value mix shift in the DRAM portfolio helped ease some margin pressures, though the company forecasts a lower Q3 gross margin amid higher consumer volumes. Needham analyst N. Quinn Bolton noted that management's guidance for fiscal Q3 non-GAAP gross margin is 36.5%, below both its estimate of 38.5% and the Street's 37.4% forecast, due to persistent challenges in the NAND market and the impact of higher cost inventory. Micron's high-bandwidth memory revenue jumped 50% to exceed $1 billion, with its HBM3E 8-high and 12-high designs integrated into Nvidia (NVDA, Financial) GB200 and GB300 platforms, respectively. This article first appeared on GuruFocus.
