Market Outlook for Rigetti's Quantum Computing Systems
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 16h ago
0mins
Source: NASDAQ.COM
- Quantum System Launch: Rigetti has launched 18 quantum systems over the past few years, demonstrating its ongoing innovation in quantum computing, which lays the groundwork for future market demand despite not yet being profitable.
- Technological Advantage: Utilizing superconducting qubits, Rigetti's technology allows for fast information processing, although it faces challenges with higher error rates; its vertically integrated model enhances its competitive edge in the market.
- Investment Risk Assessment: Rigetti's stock trades at a very high price-to-sales ratio, making traditional valuation methods difficult to apply, thus investors must carefully evaluate its technological strength and market position, particularly their risk tolerance.
- Market Competition Landscape: While Rigetti holds unique advantages in quantum computing, it carries higher risks compared to tech giants like Microsoft, suggesting that conservative investors may want to consider other more stable investment options.
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.
