Why does this analyst believe that Rigetti Computing shares are heading to $ 15

RIGETTI Computing (RGTI) shares focuses today, July 2, after Troy Jensen – Cantor Fitzgerland – coverage of a quantum technology company with a “weight gain” classification.

Jensen expects RGTI shares to $ 15 in the coming months, as quantum computing remains “one of the most desirable technical monuments with enormous economic effects.”

At the time of this report, the Rigetti Computing stocks decreased by more than 19 % on an annual basis.

Jensen recommends that RGTI shares for quantum computing because it is the leading company in high delivery systems, which he said is the most advanced and great investment of quantum technology.

RIGETTI is in a strong position to accelerate its work on super delivery systems after investing 35 million dollars from Koanna Computer – the analyst told the customer in his research note today.

Investors can turn into the fact that RGTI works with governments on both sides of the Atlantic Ocean on many high -influential quantum research initiatives as well.

The quantum computing stock is also attractive because it “takes steps in developing innovative approaches to expand the Supreme Qubit number systems,” according to its CEO, Subodh Kulkarni.

Rigetti Computing Stock is currently complications of distinct prices in excess of 300x.

However, Troy Jensen prefers to buy it from the current levels, however, it is cheaper than competitors, including D-WAVE (QBTS), with the P/S ratio approximately 500x, according to BARCART.

RGTI recorded about $ 22 million of operating expenses in the first quarter, but it ended the quarter of about 238 million dollars in cash, cash rewards, and investments available for sale-which means that it does not depend on immediately on external financing to maintain operations.

In fact, RGTI shares may be worth having since the NASDAC company has achieved approximately $ 43 million of net income in the last quarter amount.

Stock Rigetti currently rises more than 100 % to its lowest level from year to date-but Wall Street is still convinced that the gains can extend forward.