Rigetti Computing ABR at 1.58 with 66.7% Strong Buys and Hold Ranking
Rigetti Computing's average brokerage recommendation is 1.58 from 12 firms, with 66.7% issuing Strong Buy and 8.3% Buy ratings. Its Zacks Rank is #3 (Hold), supported by an unchanged consensus EPS estimate of -$0.68 for the current fiscal year.
1. Brokerage Recommendations Overview
Rigetti Computing's average brokerage recommendation stands at 1.58 based on 12 firm ratings, with eight Strong Buy and one Buy representing 66.7% and 8.3% respectively. This ABR score suggests a Buy-equivalent consensus but may be influenced by analysts' vested interests in promoting bullish outlooks.
2. EPS Estimate and Zacks Rank
The consensus EPS estimate for the current fiscal year remains unchanged at -$0.68, contributing to a Zacks Rank of #3 (Hold). The steady earnings forecast reflects analysts' cautious view on revenue and margin expansion, limiting catalysts for near-term price gains.
3. Investor Considerations
While the strong ABR indicates bullish sentiment, the neutral Zacks Rank and stagnant earnings estimate counsel prudence. Investors should corroborate brokerage recommendations with quantitative models that emphasize timely earnings revisions to better predict future stock performance.