Rigetti Scores $4.6 Million UK Grant To Tackle Quantum Error Correction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 22 2025
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Source: Benzinga
Rigetti Computing's Recent Achievements: Rigetti Computing's share price surged after winning a £3.5 million project under Innovate UK's Quantum Missions initiative, aimed at improving error correction in quantum computers through collaboration with Riverlane and the National Quantum Computing Centre.
Future Developments and Stock Performance: The company plans to upgrade its quantum processor from 24 to 36 qubits and has secured additional grants for projects involving digital control chips and an open-architecture testbed, contributing to a 623% increase in RGTI stock over the past year.
Analyst Views on RGTX
Wall Street analysts forecast RGTX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RGTX is USD with a low forecast of USD and a high forecast of 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.
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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.
