RGTI - Deutsche Bank initiates coverage on Rigetti Computing with buy rating

• Rigetti Computing ( NASDAQ: RGTI ) has been initiated with a buy recommendation and a $10 price target at Deutsche Bank.
• In initiating the coverage, Deutsche Bank analyst Sidney Ho wrote that, "Quantum computing is in its infancy stage with lots of R&D investment all over the world. RGTI is well positioned to benefit from this ramp as we believe they have the right intellectual properties, technology roadmaps and strategic partnerships to stay competitive with even larger companies like Google and IBM."
• Deutsche Bank's rating is in contract to SA Quant rating of strong sell.
• The quantum computing company is scheduled to report its second quarter results this week. Analysts project EPS of -$0.10 and revenue of $2.67M for the quarter .
• Take a look at how the company performed in Q1
• Shares have dropped 5% today and 55% over the past year

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