How high will crap go

**Rigetti Computing (RGTI) is poised for significant growth**, but estimating its peak price is uncertain and depends on various factors. Here's an analysis to consider: 1. **Current Price and Recent Surge**: - RGTI's last price was $17.14, reflecting a 3.5% increase. - The stock has surged nearly 900% over the past year. 2. **Analyst Price Target**: - The average of current price targets from analysts is $14.67, which is lower than the current price, indicating a potential downside risk. - However, a more optimistic analyst, Brian Kinstlinger from Industrial Alliance Securities, has set a price target of $18, suggesting a potential upside. 3. **Market Sentiment and Future Prospects**: - Rigetti's recent achievements, such as the 99.5% median two-qubit gate fidelity milestone, have positively impacted the stock and could lead to further gains. - The company's strong liquidity position and strategic focus on quantum computing position it for growth. 4. **Quantum Computing Market Potential**: - The quantum computing market is expected to grow significantly, with some estimates predicting a $2 trillion industry by 2035. - Rigetti's positioning in this space could lead to substantial growth if it successfully commercializes its technology. 5. **Risks and Valuation**: - The company's high valuation and negative net fund flows suggest that investors are cautious or selling, which could lead to a price correction. - The industry's early-stage development and high research costs pose financial risks. **Conclusion**: While Rigetti Computing has the potential to grow significantly due to its advancements in quantum computing and strategic positioning in a growing market, estimating how high the stock will go is uncertain. Analysts have differing opinions, and the stock's recent surge reflects both the potential for growth and the risks associated with the industry. Investors should consider their risk tolerance and investment horizon carefully before deciding whether to buy RGTI at current prices or wait for a potential pullback.