Should You Invest in Rigetti Computing (RGTI) Based on Bullish Wall Street Views?

While Rigetti Computing (RGTI) has a bullish average brokerage recommendation (ABR) of 1.85 with 8 Strong Buy ratings, the article cautions against relying solely on Wall Street analyst recommendations. The company has received a Zacks Rank #5 (Strong Sell) rating due to a 24.4% decline in consensus earnings estimates over the past month, indicating analyst pessimism about the company's earnings prospects. The article emphasizes that brokerage recommendations often carry positive bias due to vested interests, and earnings estimate revisions are a more reliable indicator of near-term stock performance.