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Rigetti achieves 99.5% gate fidelity in its modular quantum system, marking a major technical breakthrough.
Strong financial position with $575M in cash and no debt supports ongoing innovation.
Analysts issue bullish ratings with targets up to $18 ahead of the upcoming Q2 earnings.
Rigetti Computing, Inc. (RGTI) is gaining strong attention in the stock market as it makes big steps in quantum technology and secures major financial backing. The company’s recent achievements in quantum computing, analyst upgrades, and future growth prospects are helping it become one of the most talked-about stocks in the tech space. Rigetti stock price is currently around $15.43, and its movement over the last few weeks has drawn the interest of many investors and analysts.
On July 16, Rigetti Computing announced a major improvement in its technology. The company’s 36-qubit quantum system reached a 99.5% two-qubit gate fidelity. This means it can perform quantum operations with a very low error rate. The achievement is important because better fidelity is essential for quantum computers to solve real-world problems.
What makes this breakthrough special is that it uses a multi-chip modular design. Instead of building a single large chip, Rigetti Computing is connecting smaller chips to work together. This design is more scalable and efficient, and it brings the company closer to creating quantum systems with thousands or even millions of qubits.
After this announcement, Rigetti's stock price jumped by over 30% in a single day, showing how much the market values this progress.
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Several financial firms have started to rate Rigetti stock price positively:
Cantor Fitzgerald gave the quantum computing giant an “Overweight” rating and gave a Rigetti stock price prediction of $15.
Other analysts raised their Rigetti stock price prediction to $18, and some maintained their earlier “Buy” ratings.
Financial websites and market trackers also listed Rigetti as a trending stock.
These strong ratings from analysts give investors more confidence in the company’s potential. A positive analyst outlook often brings more attention to a stock, leading to higher trading volume and increased demand.
Rigetti recently improved its balance sheet by raising $350 million through a stock offering. This move increased the company’s total cash reserves to around $575 million. Rigetti also has no debt, which is rare for a tech startup in a high-research field like quantum computing.
The company’s current ratio, which measures liquidity, stands at 18.8. This shows that Rigetti has more than enough assets to pay for its short-term obligations. With this strong financial base, the company can continue to invest in research and development without worrying about funding issues.
Quantum computing is one of the fastest-growing areas in the tech industry. Governments around the world have already invested over $42 billion in this technology. Market researchers expect the quantum industry to grow to around $97 billion by 2035, and potentially reach $200 billion by 2040.
Rigetti Computing is well-positioned in this market. Its superconducting technology puts it in the same league as big players like IBM and IonQ. It also has a $250 million partnership with Quanta Computer, which strengthens its reach in hardware production and global expansion.
As interest in quantum computing grows, Rigetti Computing share price is expected to receive exponential benefits.
Rigetti Computing is one of a few public companies focused entirely on quantum computing. Other players in the field include D-Wave and IonQ. While all three companies have seen volatile stock prices, Rigetti has stood out because of its technical achievements.
For example, while D-Wave recently saw a rise in its stock, it has not achieved the same level of fidelity or chip design progress as Rigetti. IonQ also made gains, but analysts often point to Rigetti’s unique modular approach as a key differentiator.
Rigetti’s stock price has risen to around $16.66 over recent weeks and is up 9% year-to-date. This rise is driven by its strong technology roadmap and positive market sentiment.
Rigetti has announced that it will release its Q2 2025 earnings report on August 12 after the market closes. This report is important because it will show how the company is progressing in terms of revenue, spending, and long-term strategy.
Investors are closely watching this event. If Rigetti shows better-than-expected results, the stock may rise further. On the other hand, weak results could slow down the current momentum.
The earnings report could also reveal new partnerships, customer wins, or updates on commercial applications of its quantum hardware, all of which could impact the Rigetti Computing share price and stock price.
Despite all the positive developments, Rigetti also faces several risks:
The company is still not profitable. In the first quarter of 2025, it reported revenue of around $1.5 million but had operating expenses over $23 million.
Some insiders have sold shares around the time the stock peaked. This often creates doubt among investors, as it may indicate that insiders believe the stock is overvalued.
Quantum computing is still in early stages. Building a fully commercial quantum computer will take more time, money, and research. There is also intense competition in this space.
Additionally, stock prices have shown high volatility. The stock dropped 5–6% after a strong rise, showing that sudden changes in price are still common for Rigetti.
From a trading perspective, the stock is showing signs of strength. It is trading near the top end of analysts' price targets, and there is strong support around $14–$15. Resistance is expected near $18, which could act as the next barrier.
Volume has increased significantly after the July announcement, which is usually a sign of strong investor interest. If the stock breaks above resistance with high volume, further gains are likely. If it fails to hold support, a short-term correction may occur.
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Rigetti Computing, Inc. is trending because it recently achieved a major technical milestone in quantum computing. Its modular chip design and high fidelity performance place it ahead of many competitors. The company also enjoys strong support from analysts, a solid cash position, and growing investor interest in the quantum sector.
The upcoming earnings report on August 12 will be a key event to watch. It could either confirm Rigetti’s momentum or raise new questions. While the company has made strong progress, risks remain around profitability, competition, and execution.
In the long run, Rigetti has the potential to become a leader in the quantum space if it continues on its current path. With quantum computing expected to become a multi-billion-dollar industry, Rigetti is well-positioned for future growth, making it one of the most watched tech stocks today.
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