RGTI Should I Buy
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Rigetti Computing Inc (RGTI) is not a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The company's financial performance is weak, technical indicators are bearish, and there are no strong positive catalysts to offset the risks. The stock's valuation appears unsustainable, and analysts have lowered price targets across the board. Given the lack of Intellectia Proprietary Trading Signals and the negative sentiment from news and financials, it is better to avoid this stock at the moment.
The technical indicators for RGTI are bearish. The MACD is negatively expanding, the RSI is neutral at 26.806, and the moving averages indicate a bearish trend (SMA_200 > SMA_20 > SMA_5). The stock is trading below key support levels, with S1 at 14.531 and S2 at 13.82, suggesting further downside potential.
Rigetti plans to deploy a 108-qubit system by the end of Q1 and invest $100 million in the UK for quantum computing development.
Analysts have significantly lowered price targets, citing slow technological progress, competition, and valuation concerns.
Rigetti's financial performance is weak. In 2025/Q3, revenue dropped by 18.12% YoY to $1.947 million. Net income increased to a loss of $200.968 million, up 1254.87% YoY. EPS improved to -0.62, up 675.00% YoY, but gross margin dropped sharply by 59.02% YoY to 20.75.
Analysts have lowered price targets significantly. Benchmark reduced the target to $25 from $35, Mizuho to $43 from $50, Needham to $31 from $51, and Jefferies to $20 from $30. TD Cowen downgraded the stock to Hold, citing valuation concerns and competition. B. Riley upgraded the stock to Buy due to valuation but kept the target at $35.
