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.
Rigetti Computing (RGTI -8.34%) has been a tough stock to hold over the past three years. The quantum computing company, which went public by merging with a special purpose acquisition company (SPAC) on March 2, 2022, started trading at $9.75, but eventually closed at a record low of $0.38 per share on May 3, 2023.
The quantum computing sector is one which has seen its fair share of turmoil over the past year.
Rigetti Computing takes a more conservative stance when it comes to timelines for quantum development.
The mean of analysts' price targets for Rigetti Computing (RGTI) points to a 50.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
It's usually a bad idea to invest in booming, hype-based stocks because they will probably fall back down to earth unless their rally is based on sustainable fundamentals. With shares down by 41% since the start of 2025, Rigetti Computing (RGTI 0.36%) is an excellent example of this phenomenon.
Quantum computing could solve humankind's most challenging problems and someday create countless new technologies and markets. It uses physics to take computing technology to new heights -- levels that, frankly, are difficult to comprehend.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Rigetti Computing, Inc. (RGTI) concluded the recent trading session at $11.16, signifying a -0.53% move from its prior day's close.
Rigetti Computing (RGTI 20.51%) captured Wall Street's attention by advancing the rapidly evolving field of quantum computing.
Rigetti Computing, Inc.'s multi-chip scaling and in-house Fab-1 aim to catch IBM and IonQ, but quantum advantage remains unproven. Intense R&D drives heavy losses. Revenue growth is sluggish, with 2024 down to $10.8M. Annual burn of $60M drains $190M liquidity; watch for equity dilution. Valuation is lofty, but potential alpha justifies a tiny allocation. Cautious macro stance: hold 20–30% in cash equivalents.
RGTI's strong growth potential and expanding presence in the quantum computing market make it a compelling investment despite market challenges.