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Rigetti Computing stock surged 41% in the past quarter, driven by strong funding and investor confidence.
Analysts maintain a 'Buy' rating with price targets averaging $14.20 amid growing quantum computing demand.
Despite low revenue and ongoing losses, Rigetti holds $575 million in cash with no debt, supporting long-term growth.
Rigetti Computing Inc. (NASDAQ: RGTI) is one of the most well-known names in the quantum computing sector. The company focuses on building quantum hardware and full-stack quantum computing systems. As of July 15, 2025, Rigetti’s stock price is trading at $12.77, up slightly from the previous day. The stock opened at $12.30 and reached a high of $12.89 before moving back to the current level.
Over 26 million shares were traded during the day, showing strong interest among investors. However, this volume is slightly lower than some of the past trading sessions, which suggests the stock may be entering a period of price consolidation after a big rally in recent months.
In the last three months, Rigetti stock price has increased by around 41%. This strong performance was supported by two main factors:
Inclusion in growth-focused stock indices increased visibility among investors.
A successful $350 million equity offering in June which raised funds to support the company’s long-term goals in quantum technology.
These developments have made Rigetti one of the most watched stocks in the high-tech hardware sector.
According to analysts, Rigetti stock remains ‘Buy’ rated. Most experts have set their price targets between $14 and $15, with a few estimates going as high as $17. The average target is around $14.20, which means analysts expect about 10–20% upside from the current price.
These positive ratings reflect strong investor belief in Rigetti’s future potential, especially in the rapidly growing field of quantum computing. Some analysts have also mentioned Rigetti’s unique technology, strong cash position, and major partnerships as reasons for their bullish view.
In the first quarter of 2025, Rigetti Computing earned around $1.5 million in revenue. Most of this came from early-stage system sales and government research projects. In the fourth quarter of 2024, revenue was higher at $2.27 million, which closely matched expectations.
The company is still not profitable. Its earnings per share (EPS) in Q4 2024 were –$0.08, and full-year EPS for 2025 is expected to improve slightly to –$0.28. Analysts believe that profitability is still several years away, as Rigetti continues to invest heavily in research and development.
One of Rigetti’s biggest strengths is its strong cash position. After raising $350 million through a stock offering in June, the company now holds around $575 million in cash and has no debt. This gives Rigetti enough money to fund its projects, expand operations, and compete with larger players in the quantum space.
The next earnings report is expected in early August 2025. Analysts forecast another small loss for the second quarter, with EPS estimates between –$0.05 and –$0.06.
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Rigetti operates in a small but growing stock market. Some of its main competitors include:
D-Wave, which is known for commercial quantum systems and strong quarterly revenue.
IonQ, which has a larger cash reserve and is expanding through acquisitions.
Quantum Computing Inc., another rising name in the quantum field.
Rigetti is different because it offers a full-stack system. This means it builds both the hardware and the software platform used to run quantum applications. This approach is similar to what companies like Nvidia have done successfully in AI hardware.
Analysts believe this full-stack model gives Rigetti an edge over rivals who focus only on hardware or software.
Technical Analysis and Trading Patterns
From a technical point of view, Rigetti stock is currently in an uptrend. However, there are signs that traders should be cautious. The recent price increase happened while trading volume fell. This is often a warning that the rally may slow down.
Support zone: around $12.23 to $12.52. This means the stock may find buying interest if it drops to these levels.
Resistance level: around $13.12. If the stock crosses this price, it could move higher in the short term.
A fall below $12.10 may lead to larger declines, especially if volume increases.
Short-term indicators such as moving averages and MACD (Moving Average Convergence Divergence) still point toward a bullish trend, but not strongly.
Most short-term forecasts suggest that Rigetti’s stock may rise slightly, staying in the $12.75 to $13.10 range. If market momentum improves or if the next earnings report surprises positively, a move toward $14 or higher is possible.
Some advanced trading models even predict a potential 2–3% gain over the next few weeks if current stock market trends remain stable.
Over the next three months, certain projections estimate a possible 32% increase, with the stock reaching $15.50 or more. However, these models are based on ideal conditions and assume strong news flow, investor interest, and no broader market downturn.
Long-term estimates for 2026 and beyond are mixed. While analyst targets suggest growth potential, some models show slower price gains due to Rigetti’s current lack of profits and uncertainty in the broader quantum computing market.
Still, with quantum technology expected to grow into a multi-billion-dollar industry by 2040, Rigetti remains one of the few early players with full system capabilities.
Low Revenue: Rigetti’s quarterly sales are still very small. This makes it hard to predict future growth.
Ongoing Losses: The company is expected to remain unprofitable until at least 2026.
Market Volatility: High price swings and speculative trading can affect stock stability.
Upcoming Earnings Report: A strong result in August could lift the stock.
Partnership with Quanta Computer: If this $250 million deal delivers results, it could bring new revenue.
Sector Growth: As interest in quantum computing grows, investor demand for stocks like Rigetti may increase.
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Rigetti Computing stock has shown strong momentum in recent months. The company has attracted investor interest due to its unique technology, clean balance sheet, and position in the quantum computing space. Analysts are optimistic, but challenges like low revenue and ongoing losses remain.
The stock is currently in a rising trend, but traders should watch support and resistance levels closely. The next major event will be the second-quarter earnings report in August, which could influence the stock’s direction.
Rigetti remains a high-potential, high-risk investment. Its success will depend on future earnings, the growth of the quantum sector, and the company's ability to deliver on its promises.
