Core Viewpoint - Rigetti Computing's stock experienced a dramatic surge of nearly 2,000% in late 2024, but subsequently lost about half its value in 2025 due to doubts about the readiness of quantum technology for commercial use [1][5]. Company Overview - Rigetti Computing operates in the quantum computing sector, utilizing qubits which allow for a broader range of values compared to traditional bits, significantly enhancing computing power [3]. - The company has a market capitalization of over $2.3 billion and is set to release a 36-qubit system in mid-2025, followed by a 100-qubit system aimed at reducing error rates by 2x by the end of the year [4]. Financial Performance - In 2024, Rigetti reported revenues of $10.8 million, a decrease of 10% from the previous year, resulting in an operating loss of $68.5 million [6]. - The company faced a total loss of $201 million in 2024, which is significantly higher than the $75 million loss recorded in 2023 [6]. - Rigetti's negative free cash flow was nearly $62 million in 2024, with current liquidity of $192 million, allowing it to operate for approximately three more years without additional funding [7]. Market Position and Challenges - The company is under pressure to issue additional shares or incur more debt to sustain operations, raising concerns about its competitive position against larger firms like Alphabet [8]. - Valuation metrics are challenging, with a price-to-sales ratio exceeding 140 and a price-to-book ratio of 18, which may deter potential investors [9]. - Despite the potential for exponential growth in quantum computing, Rigetti's prospects for commercial success appear distant, leading to skepticism about its ability to generate revenue in the near term [11][12].

Company Performance - Rigetti Computing, Inc. (RGTI) ended the latest trading session at $9.42, reflecting a +0.32% change from the previous close, outperforming the S&P 500's daily loss of 3.46% [1] - Over the last month, RGTI shares increased by 4.92%, contrasting with the Computer and Technology sector's loss of 7.24% and the S&P 500's loss of 5.27% [1] Earnings Expectations - Analysts expect Rigetti Computing, Inc. to report earnings of -$0.05 per share in the upcoming earnings report, indicating a year-over-year growth of 64.29% [2] - The consensus estimate for revenue is $2.46 million, which represents a decline of 19.34% from the same quarter last year [2] Full-Year Estimates - The Zacks Consensus Estimates for Rigetti Computing, Inc. project earnings of -$0.20 per share and revenue of $14.52 million for the full year, reflecting year-over-year changes of +44.44% and +34.57%, respectively [3] - Recent changes to analyst estimates indicate evolving short-term business trends, with positive revisions suggesting analyst optimism about the company's profitability [3] Zacks Rank and Industry Performance - Rigetti Computing, Inc. currently holds a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate remaining steady over the past month [5] - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 75, placing it in the top 31% of over 250 industries [6]

Rigetti Computing (RGTI) shares have rallied 15.2% since the company announced that it was selected to participate in the Defense Advanced Research Projects Agency (“DARPA”) Quantum Benchmarking Initiative on April 03. This program aims to evaluate whether quantum computing technologies can achieve a utility-scale performance by 2033.Rigetti’s selection as one of 15 finalists in DARPA’s Quantum Benchmarking program, alongside giants like IBM and Hewlett Packard Enterprise, underscores its rising influence i ...

The company didn't exactly earn its skyrocketing price jump, but the recent drop isn't Rigetti's fault either. Forces way beyond Rigetti's control are playing Wall Street lacrosse with the stock. So what's going on, and is this price dip a good time to buy Rigetti stock? Quantum computing stocks have been on a roller coaster ride. Is Rigetti's 61% price drop a buying opportunity or just the beginning of a regrettably necessary correction? Quantum computing specialist Rigetti Computing (RGTI -7.56%) has been ...

BERKELEY, Calif., April 03, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (NASDAQ:RGTI) ("Rigetti" or the "Company"), a pioneer in full-stack quantum-classical computing, announced today that it was selected to participate in the Defense Advanced Research Projects Agency (DARPA) Quantum Benchmarking Initiative (QBI). The primary goal of QBI is to determine if any approach to quantum computing can achieve utility-scale operation by 2033. QBI will use a multi-stage approach, Stages A, B, and C, to assess t ...

The objective of DARPA’s QBI program is to verify and validate that quantum computing can achieve utility-scale operation by 2033.BERKELEY, Calif., April 03, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announced today that it was selected to participate in the Defense Advanced Research Projects Agency (DARPA) Quantum Benchmarking Initiative (QBI). The primary goal of QBI is to determine if any approach to ...

MIAMI, April 01, 2025 (GLOBE NEWSWIRE) -- Defiance ETFs introduces RGTX, the Defiance Daily Target 2X Long RGTI ETF, a 2X leveraged single-stock ETF designed to provide amplified exposure to Rigetti Computing, Inc. (NASDAQ:RGTI). This ETF offers traders a way to seek enhanced returns on Rigetti Computing, Inc. without requiring a margin account. RGTX seeks daily investment results that correspond to twice (200%) the daily percentage change of Rigetti Computing, a pioneer in quantum computing that has advanc ...

Rigetti Computing, Inc. (RGTI) closed the last trading session at $9.82, gaining 8.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $14.80 indicates a 50.7% upside potential.The average comprises five short-term price targets ranging from a low of $12 to a high of $17, with a standard deviation of $1.92. While the lowest estimate indicates an increase of 22.2% from the current pr ...

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. Let's dig deeper to decide what the next 12 months might have in store for this speculative company. What is Rigetti Computing?Founded in 2013, Rigetti Computing is a California-based start-up that aims to pioneer qu ...

Group 1: Industry Overview - Quantum computing is seen as a transformative technology that could address significant global challenges and create new markets [1] - Google has developed a quantum computing chip that can perform calculations in five minutes that would take current top computers 10 septillion years [2] - The quantum computing market is projected to be worth between $1 billion and $2 billion after 2030, indicating a long wait for substantial market opportunities [8] Group 2: Company Analysis - Rigetti Computing is competing in the quantum computing space but faces challenges in achieving practical applications of its technology [6][7] - The company has a market capitalization of $2.6 billion, but its stock may be overvalued given the projected market size and potential revenue [9][10] - Rigetti's share count has doubled since going public, leading to concerns about share dilution and the need for significantly higher revenue to maintain valuation [10][11] Group 3: Investment Considerations - The consensus among industry leaders is that practical quantum computers are still 5 to 30 years away, suggesting that investors may need to be patient [7][8] - Rigetti's potential revenue by 2030, if it captures a tenth of the projected market, would result in a high price-to-sales ratio of 13, raising questions about profitability [10] - The likelihood of larger cloud companies like Amazon, Microsoft, and Google dominating the early quantum computing market raises doubts about Rigetti's competitive position [13]