Rigetti Computing Secures $8.4M Order for 108-Qubit Quantum Computer

Written by Emily J. Thompson, Senior Investment Analyst

RGTI-4.61%

Source: seekingalpha

Updated: 1h ago

0mins

Source: seekingalpha

Order Value: Rigetti Computing has secured an $8.4 million purchase order from India's C-DAC to deliver a 108-qubit quantum computer, indicating a growing market demand for the company's quantum computing solutions.
Technical Architecture: The system features Rigetti's proprietary chiplet-based architecture and is scheduled for deployment at C-DAC's Bengaluru center in the second half of 2026, further solidifying its technological edge in high-performance computing.
Market Reaction: Despite the significant order value, Rigetti's stock fell 3.4% in premarket trading to $24.74, reflecting market concerns regarding the company's future commercialization efforts.
Industry Outlook: As quantum computing technology continues to evolve, Rigetti's order not only enhances its market position but may also attract more investor interest in its long-term growth potential.

RGTI

$24.49+Infinity%1D

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: 25.620

Low

30.00

Averages

39.75

High

51.00

Current: 25.620

Low

30.00

Averages

39.75

High

51.00

Wedbush

Outperform

initiated

$35

Al Analysis

2025-12-17

Reason

Wedbush

Price Target

$35

Al Analysis

2025-12-17

initiated

Outperform

Reason

Wedbush initiated coverage of Rigetti Computing with an Outperform rating and $35 price target. With over a decade of experience in quantum computing research and development and as one of the current leaders in the superconducting qubit modality, the firm believes Rigetti is well positioned to benefit from the long-term growth in the quantum hardware addressable market. The superconducting qubits modality currently offers the broadest range of actively explored quantum computing use cases due to the rapid progress and industry momentum, and the large amounts of funding invested in this modality by some of the world's largest companies as well as the Government of China, Wedbush adds.

Jefferies

Hold

initiated

$30

2025-12-16

Reason

Jefferies

Price Target

$30

2025-12-16

initiated

Hold

Reason

Jefferies initiated coverage of Rigetti Computing with a Hold rating and $30 price target. The company will benefit from early-cycle quantum tailwinds, but the stock is balanced by execution and revenue mix risks, the analyst tells investors in a research note. The firm says Rigetti's credibility from past roadmap slips require sustained delivery while its revenue remains heavily government-dependent, which hinders near-term visibility.

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Mizuho

Vijay Rakesh

Outperform

initiated

$50

2025-12-11

Reason

Mizuho

Vijay Rakesh

Price Target

$50

2025-12-11

initiated

Outperform

Reason

Mizuho analyst Vijay Rakesh initiated coverage of Rigetti Computing with an Outperform rating and $50 price target. The firm sees the company scaling with $450M in cash, equivalents, and investments on hand. This could be sufficient to operate through at least 2030, the analyst tells investors in a research note. Mizuho says Rigetti is the closest scalable superconducting quantum computing peer to IBM and Google.

B. Riley

Neutral

downgrade

$42 -> $35

2025-11-12

Reason

B. Riley

Price Target

$42 -> $35

2025-11-12

downgrade

Neutral

Reason

B. Riley lowered the firm's price target on Rigetti Computing to $35 from $42 and keeps a Neutral rating on the shares. Sales and EPS came near modest consensus estimates, with most system sales expected in 1Q26 and 2Q26, the analyst tells investors in a research note. Cash of roughly $600M could support future M&A, though no immediate targets are identified, while shares have pulled back slightly after recent gains, the firm says.

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.