Rigetti's weak Q3 and a DARPA Phase B miss weigh on shares, though new contracts and a bold hardware roadmap test investor patience.
Rigetti Computing (RGTI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Rigetti Computing shares have advanced 2,750% since January 2024, but every Wall Street analyst who follows the company still expects upside in the stock. Rigetti benefits from vertical integration, and it was the first company to develop a multichip quantum processor, but its technology will not be widely useful for a decade or more.
RGTI's strong cash position fuels its quantum roadmap, but rising R&D spend raises questions about sustaining balance sheet strength.
Shares of Rigetti Computing (NASDAQ: RGTI) collapsed 40% over the past month, falling from $39 in early November to $23.45 on December 1.
Rigetti's operations are unprofitable, and that's not likely to change anytime soon. Given that it's in its early growth stages, it's difficult to gauge how much Rigetti should be worth today.
Rigetti Computing (RGTI) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Renewed NQI funding positions RGTI for a potential rebound as federal agencies restart quantum spending and recent contract wins build momentum.
Rigetti secures new Novera orders, a key Air Force contract, and a solid cash cushion as it advances its ambitious quantum roadmap.
Rigetti's 41% dip weighs on sentiment, but steady contracts, partnerships and hardware progress keep investors watching the long-term path.
Recently, Zacks.com users have been paying close attention to Rigetti Computing (RGTI). This makes it worthwhile to examine what the stock has in store.
Rigetti's Q3 loss is narrower than estimates, but revenues decline as government contract delays hit sales and lower the gross margin.