Rigetti outlines plan for 100-plus qubit quantum system at 99.5% fidelity by year-end while strengthening balance sheet
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 12 2025
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Source: SeekingAlpha
Management Insights: Rigetti Computing's CEO reported significant advancements in quantum technology, including the launch of the Cepheus-1-36Q system with reduced error rates and plans for a 100-plus qubit system by the end of 2025. The company also raised $350 million through equity offerings to support R&D.
Financial Performance: In Q2 2025, Rigetti's revenue was $1.8 million, down from $3.1 million year-over-year, with gross margins at 31%. Despite an operating loss of $19.9 million, the company maintains a strong cash position of $571.6 million and expresses confidence in meeting future technology milestones amidst ongoing challenges.
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: 24.960
Low
30.00
Averages
39.75
High
51.00
Current: 24.960
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.








