Rigetti Computing Faces Challenges Amid Q4 Revenue Miss
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 05 2025
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Should l Buy RGTI?
Source: Benzinga
Rigetti Computing's shares fell by 8.5% as it crossed below the 5-day SMA, reflecting investor concerns following a disappointing Q4 revenue report.
The company's Q4 revenue of $1.9 million missed Wall Street expectations of $2.33 million, raising doubts about its financial performance and future growth potential. Analysts from Jefferies and Needham have lowered their price targets significantly, indicating broader concerns in the quantum computing sector. Despite these challenges, Rigetti's management highlighted a positive sales outlook for its Novera system, which is expected to ramp up in Q1 2026, potentially driving future revenue growth.
The implications of this revenue miss and the subsequent stock decline suggest that while Rigetti is making strides in technology, investor confidence is shaken. The company must address its financial performance and deliver on its growth promises to regain market trust.
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Analyst Views on RGTI
Wall Street analysts forecast RGTI stock price to rise
10 Analyst Rating
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 17.010
Low
30.00
Averages
39.75
High
51.00
Current: 17.010
Low
30.00
Averages
39.75
High
51.00
About RGTI
Rigetti Computing, Inc. is a full-stack quantum computing company. The Company operates quantum computers over the cloud and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The Company’s quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. It has developed a multi-chip quantum processor for scalable quantum computing systems. Through the Company’s Quantum Computing as a Service (QCaaS) platform, its machines can be integrated into any public, private or hybrid cloud. It is also engaged in the sale of quantum processing units (QPUs) and custom computing components, and development contracts and other services. Its QPUs contain fabricated silicon-based chips featuring superconducting qubits. The Company designs and manufactures its chips in-house at Fab-1, an integrated quantum device manufacturing facility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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