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]

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 ...