Will Rigetti Computing Stock Hit $20 by the End of 2025?

Core Insights - Rigetti Computing is a notable quantum computing start-up with stock trading around $11 per share, previously reaching $20 early in the year, raising questions about its potential to return to that price by the end of 2025 [1] Company Overview - Rigetti Computing focuses on providing a full-stack quantum computing solution, including quantum processing units (QPUs) and necessary software, positioning itself as a potential leader in the quantum computing arms race [3] - The company employs a superconducting approach to quantum computing, cooling particles to nearly absolute zero to enhance measurement accuracy, indicating that its technology is currently available [7] Industry Challenges - The primary challenge in quantum computing is achieving computing accuracy, which is a common issue across all manufacturers [4] - Quantum computing utilizes qubits, which can exist in a superposition of states, making them more powerful than traditional bits, but this also introduces potential for errors in calculations [5][6] Product Offering - Rigetti's Novera QPU, a 9-qubit unit, is priced starting at $900,000 and boasts a 99.4% 2-qubit gate fidelity, showcasing the company's advancements in quantum technology [9] - Despite having a product available, Rigetti's sales remain low, with Q1 revenue reported at $1.5 million, as institutions are currently seeking government grants to fund purchases [10] Market Dynamics - A significant order from a company interested in deploying quantum technology could lead to a surge in Rigetti's stock price, potentially driving it toward $20 per share [11] - The stock's performance is largely influenced by market sentiment and news within the quantum computing sector, making it more speculative than a solid investment [12]