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Rigetti Computing (RGTI) Soars 9.8%: Is Further Upside Left in the Stock?
ZACKSยท 2025-10-24 12:31
Company Overview - Rigetti Computing, Inc. (RGTI) shares increased by 9.8% to $39.6 in the last trading session, with a notable trading volume, and have gained 14% over the past four weeks [1][2] Investor Sentiment - The rise in RGTI shares is linked to renewed investor optimism in quantum computing, particularly due to potential U.S. government equity stakes in leading quantum firms, which may enhance national competitiveness [2] - This potential policy indicates growing institutional support for the quantum computing sector and strengthens Rigetti's position as a publicly traded pure-play quantum computing company [2] Financial Expectations - Rigetti is expected to report a quarterly loss of $0.05 per share, reflecting a year-over-year change of +37.5%, with revenues anticipated at $2.39 million, a slight increase of 0.4% from the previous year [3] - The consensus EPS estimate for Rigetti has remained unchanged over the last 30 days, suggesting that stock price movements may not sustain without trends in earnings estimate revisions [4] Industry Context - Rigetti Computing is categorized under the Zacks Internet - Software industry, which includes other companies like Phunware (PHUN), that experienced a 3.8% increase in the last trading session [5] - Phunware's consensus EPS estimate has changed by +2.1% over the past month, indicating a +44% change from the previous year [6]