RGTI and QUBT: This Analyst Sees the Next Jump in Quantum Stocks

Core Insights - Rigetti Computing is a key player in the quantum computing sector, offering various models including the Ankaa-3 and Cepheus-1-36Q systems, with a focus on modular quantum computing [1][2] - The global quantum computing market is projected to grow from $3.52 billion in 2022 to $20.2 billion by 2030, reflecting a compound annual growth rate (CAGR) of 41.8% [4] - Rigetti's revenue for Q3 2025 was reported at $1.9 million, down nearly 19% year-over-year, indicating challenges in revenue generation despite the potential for future growth [8][9] Company Overview - Rigetti Computing, headquartered in Berkeley, California, specializes in superconducting quantum integrated circuits and the necessary supercooling systems for quantum operations [2] - The company is recognized for its modular approach to quantum computing, which allows for scalability and enhanced performance [10] - Rigetti's upcoming Cepheus-1-108Q system is expected to be generally available by the end of Q1 2026, showcasing the company's commitment to innovation [7] Market Dynamics - The demand for quantum computing is increasing across various industries, including biopharma and finance, as traditional computing systems reach their limits [5][6] - Major tech companies like Amazon, IBM, and Microsoft are launching quantum cloud platforms, which are anticipated to significantly influence market development [5] Analyst Insights - Analyst John McPeake projects a potential upside of over 50% for Rigetti and Quantum Computing stocks over the next 12 months, indicating strong investor interest [3] - McPeake forecasts a top-line CAGR of 83% for Rigetti through 2030, with a revenue breakdown expected to shift significantly towards quantum hardware and services [11][12] - Rigetti's stock is currently rated as a Buy with a price target of $40, suggesting a 56% upside potential from its current price of $25.62 [12] Competitive Landscape - Quantum Computing, or QCi, is another notable company in the sector, focusing on quantum photonics technology and planning to acquire Luminar Technologies to enhance its capabilities [13][16] - QCi has a strong financial position with $1.6 billion in cash and no debt, which supports its growth initiatives in quantum computing [18] - QCi's stock is also rated as a Moderate Buy, with a price target of $22, indicating a potential 73% gain over the next year [19]