Analysis of Rigetti Computing's Stock Volatility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4h ago
0mins
Source: Fool
- Stock Volatility: Since going public via SPAC in March 2022, Rigetti Computing's stock has fluctuated dramatically, dropping from an opening price of $9.75 to a record low of $0.38 in May 2023, before soaring to $56.34 in October 2025, currently trading around $22, indicating high market uncertainty regarding its future prospects.
- Competitive Pressure: Although Rigetti has launched two quantum processing systems, Ankaa-3 and Cepheus-1-36Q, its reliance on older electron-driven superconducting loop technology faces competition from emerging companies like IonQ and Quantum Computing, which are developing systems that do not require refrigeration, potentially undermining Rigetti's market position.
- Revenue Growth Expectations: Analysts predict that if Rigetti successfully launches its 108-qubit system, its revenue could jump 168% to $20.4 million in 2026 and surge another 123% to $45.4 million in 2027, despite its current market capitalization of $7.18 billion and a staggering price-to-sales ratio of 160, reflecting high market expectations for future growth.
- Uncertain Future Outlook: Rigetti's revenue has declined from 2023 to 2025, primarily due to the expiration of a contract with the U.S. National Quantum Initiative, increasing uncertainty about future growth, and a 190% increase in outstanding shares since its public debut, which may further dilute shareholder value.
Analyst Views on RGTI
Wall Street analysts forecast RGTI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RGTI is 39.75 USD with a low forecast of 30.00 USD and a high forecast of 51.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 21.760
Low
30.00
Averages
39.75
High
51.00
Current: 21.760
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.
