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]

Nvidia looks like a more reliable investment than this quantum computing darling.Rigetti Computing (RGTI 0.50%) took investors on a wild ride since its public debut three years ago. The quantum computing company went public by merging with a special purpose acquisition company (SPAC), and its stock opened at $9.75.But by May 3, 2023, its stock sunk to an all-time low of $0.38. Like many other SPAC-backed start-ups, Rigetti overpromised and underdelivered. It only generated $13 million in revenue in 2022, co ...

Core Viewpoint - Quantum and photonic computing possess significant computational advantages over traditional computing, especially in the context of the exponential growth in computational reasoning demands driven by AI. The commercialization of quantum computing is expected to accelerate with advancements from leading global companies like Google and IBM, as well as domestic innovations such as Wukong, Nine Chapters No. 3, and Zu Chongzhi No. 3 [1][3][4]. Group 1: Quantum and Photonic Computing Advantages - Quantum computing utilizes quantum bits (qubits) and can achieve exponential speedup over classical computers in specific problems, such as large number factorization and quantum chemistry simulations. For instance, Google's Willow chip, equipped with 53 qubits, can compute in a dimension of 2^53 [3][11]. - Photonic computing offers higher information capacity, efficiency, and parallelism compared to traditional electronic computing, making it advantageous for solving complex problems [3][14]. Group 2: Technological Pathways - Various technological pathways for quantum and photonic computing are rapidly evolving, including superconducting quantum computing, photonic computing, ion traps, neutral atoms, semiconductors, and topological computing. Superconducting quantum computing is currently the most mainstream approach, with products from companies like IBM and Google [4][18]. - The development of quantum computing technologies is characterized by a competitive landscape, with significant advancements in superconducting, ion trap, and photonic technologies [18][19]. Group 3: Industry Developments and Collaborations - NVIDIA has launched a "Quantum Day" at its GTC conference, inviting CEOs from 12 quantum computing companies to discuss advancements and applications of quantum technology in AI. NVIDIA also announced the establishment of a quantum computing research lab in Boston, collaborating with top universities [3][7][9]. - Major companies like Google, IBM, and Microsoft are making significant strides in quantum computing, with Google focusing on superconducting quantum computing and recently introducing the Willow chip with 105 qubits [40][41][47][48]. Group 4: Domestic Innovations - The "Zu Chongzhi No. 3" quantum computer developed by the University of Science and Technology of China has achieved 105 qubits, demonstrating high fidelity in quantum operations [54]. - The "Nine Chapters" series, led by the University of Science and Technology of China, has made significant advancements in photonic quantum computing, with the latest prototype achieving control over 255 photons, setting a new record in quantum computing superiority [56].

The most recent trading session ended with Rigetti Computing, Inc. (RGTI) standing at $11.16, reflecting a -0.53% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.64% gain on the day. Meanwhile, the Dow experienced a rise of 0.85%, and the technology-dominated Nasdaq saw an increase of 0.31%.Coming into today, shares of the company had lost 5% in the past month. In that same time, the Computer and Technology sector lost 11.22%, while the S&P 500 lost 7.69%.Market participan ...

Rigetti Computing (RGTI 22.63%) captured Wall Street's attention by advancing the rapidly evolving field of quantum computing.Its shares skyrocketed an astonishing 1,140% over the past six months. However, uncertainty and questions regarding its financial outlook created volatility, and the stock is down about 47% from its 52-week high. Clues to the next direction for this stock lie in one metric investors should keep an eye on.A long development road ahead for RigettiRecent breakthroughs have paved the way ...

Since my last analysis of Rigetti Computing, Inc. (NASDAQ: RGTI ) during the quantum bubble burst of January 2024, the stock has lost nearly 10% in price, with heavy volatility in the process. I was bearish during that thesis, and began writingOliver Rodzianko is an investment analyst specializing in the technology sector, grounded in timeless value principles. His expertise spans AI, semiconductors, software, and renewable energy, with a focus on companies that demonstrate resilient management and lasting ...

Core Insights - Rigetti Computing (RGTI) shares have appreciated 14.3% since the fourth-quarter 2024 results were reported on March 5, despite a revenue decline of 32.6% year over year to $2.3 million, missing the Zacks Consensus Estimate by 5.25% [1][2][3] Company Performance - The decline in revenues is attributed to macroeconomic uncertainties and intense competition in the quantum computing market [1] - RGTI launched the Ankaa-3, an 84-qubit quantum system, achieving significant performance milestones, including a 99.0% median fidelity in two-qubit gate fidelity [3] - The company successfully sold its Novera QPU to Montana State University and the UK government, enhancing its global market presence [5] Strategic Collaborations - RGTI's collaboration with Quantum Elements and Qruise led to the automation of quantum processing unit calibration using AI, showcasing the potential of AI in quantum computing [4] - A strategic collaboration with Quanta Computer was announced, with both companies committing over $100 million each over five years to advance superconducting quantum computing [7] - Quanta will also invest $35 million in RGTI through a share purchase, pending regulatory approval [8] Market Outlook - The global quantum computing market is projected to grow at a CAGR of 20.5% from 2025 to 2030, indicating a favorable environment for RGTI [6] - The Zacks Consensus Estimate for 2025 revenues is pegged at $14.50 million, reflecting a year-over-year increase of 34.38% [9] Stock Performance - RGTI shares have outperformed the Zacks Computer & Technology sector and its industry peers year-to-date, with a 9.6% increase over the trailing three-month period [11][14] - Despite a high forward Price/Sales ratio of 95.3X compared to the sector's 5.97X, RGTI is viewed as a compelling investment opportunity due to its growth potential [15] Investment Rating - RGTI currently holds a Zacks Rank 2 (Buy) and a Growth Score of B, indicating a strong investment opportunity [16]

Group 1 - Rigetti Computing, Inc. (NASDAQ: RGTI) recently released its full-year 2024 results, indicating a focus on long-term growth potential despite previous cautions regarding capitalization and market conditions [1] - The company has shifted its investment approach to a simplified "Buy or Don't Buy" strategy, moving away from issuing Sell ratings and focusing on valuations rather than short-term price predictions [1] - The analyst emphasizes a cautious perspective when evaluating companies, reflecting a commitment to understanding business fundamentals and seeking attractive share prices [1] Group 2 - The article does not provide any specific financial metrics or performance data related to Rigetti Computing's results for 2024 [1]