RGTI Should I Buy
-
$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
ET
Rigetti Computing Inc. is not a strong buy for a beginner, long-term investor at this moment. While the quantum computing sector has significant long-term potential, Rigetti faces competitive pressures, declining revenues, and valuation risks. The lack of clear positive trading signals, coupled with mixed analyst ratings and financial underperformance, suggests holding off on investment until stronger catalysts emerge.
The MACD is positive but contracting, RSI is neutral at 42.24, and moving averages are converging, indicating no clear trend. The stock is trading near its support level (S1: 15.094) but below its pivot point (17.386), suggesting limited immediate upside potential.
The quantum computing sector has a large market potential estimated at $100B-$250B. Analysts see long-term upside in the sector, and Rigetti's technology focus is compelling. Recent price surges in the quantum computing sector indicate strong market interest.
Analysts have lowered price targets, and there is a risk of valuation bubbles in the sector. No recent insider or hedge fund activity suggests neutral sentiment.
In Q3 2025, Rigetti's revenue dropped by 18.12% YoY to $1.947 million. Net income increased to -$200.968 million, up 1254.87% YoY, reflecting worsening losses. EPS improved to -0.62, up 675% YoY, but gross margin dropped significantly to 20.75%, down 59.02% YoY.
Analysts have mixed views. Northland initiated coverage with a Market Perform rating and a $20 price target. Mizuho and Benchmark lowered price targets but remain positive on the long-term potential of quantum computing. TD Cowen downgraded Rigetti to Hold, citing valuation concerns and competition.
