‘Jump In Before It's Too Late,' Says Cantor Fitzgerald Analyst about Rigetti Stock (RGTI)
Don't Miss TipRanks' Half-Year Sale
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Jensen noted that while quantum computing is still in its early stages and full-scale use may still be years away, it holds huge growth potential. Further, he said that quantum companies like Rigetti are already trading at high prices, as investors see opportunity in the sector.
The analyst mentioned that the stocks are currently trading at 'steep valuations based on any near-term revenue or earnings forecast.' However, Cantor Fitzgerald still sees upside potential for Rigetti due to the 'strategic value of quantum computing' itself.
RGTI Growth Efforts
Rigetti is growing fast in quantum computing. The company is improving its 84-qubit chip for better performance and plans to launch a more powerful 100+ qubit chip by late 2025. A $250 million deal with Quanta is helping speed up this progress.
The company is also teaming up with others like Nvidia (NVDA) and Microsoft (MSFT) to boost reliability and scale. Its smart design allows many chips to work together, helping it compete in the race for powerful quantum machines.
Also, it recently completed a $350 million at-the-market (ATM) equity offering, lifting Rigetti's total cash reserves to around $575 million. This new capital is expected to aid RGTI's expansion plans.
Is RGTI Stock a Good Stock to Buy?
average Rigetti share price target is $15, which implies a potential upside of 14.68% from current levels.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 hours ago
- Yahoo
Should You Buy the Post-Earnings Dip in Rigetti Computing Stock?
Rigetti Computing (RGTI) says its net loss more than tripled on a year-over-year basis to roughly $40 million in the second quarter. Shares of the quantum-tech specialist tanked nearly 8% on Friday also because its revenue came in down over 40% on a year-over-year basis as well. More News from Barchart Trade the Warren Buffett Rally in UnitedHealth Stock With This High-Reward, Low-Risk Options Strategy Lyft Generates Huge FCF Margins - LYFT Stock Is Too Cheap Powell, Trump Talks and Other Can't Miss Items this Week Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Rigetti Computing stock has been a lucrative investment over the past four months. Despite the recent plunge, it's up more than 100% versus its April low. Should You Avoid Buying RGTI Stock on the Post-Earnings Decline? According to Subodh Kulkarni, the chief executive of Rigetti Computing, quantum technology could evolve into a trillion-dollar-per-year market in the long term. In the next four to five years, however, 'our view is still very much in the R&D stage,' he told Barron's in a recent interview. Kulkarni's remarks make RGTI shares materially less attractive to own especially when they're up well over 150% versus their year-to-date low despite revenue decelerating at an alarming rate. Rigetti Computing Shares Are Egregiously Overvalued Rigetti Computing raised some $350 million via a stock offering in its second financial quarter, effectively wiping its balance sheet of all debt. But it's hardly a positive for the Nasdaq-listed firm since the offering nearly doubled the number of its shares outstanding, raising dilution risks. More importantly, Rigetti Computing is trading at a price-sales (P/S) ratio of more than 480x at writing, which indicates gross overvaluation. Investors should also note that RGTI has not yet achieved quantum supremacy, which theoretically makes peer D-Wave (QBTS) a better investment than Rigetti Computing stock for exposure to quantum technology. How Wall Street Recommends Playing Rigetti Computing Investors should also note that Wall Street no longer sees meaningful further upside in RGTI shares from current levels. While the consensus rating on Rigetti Computing stock remains at 'Strong Buy,' the mean target of roughly $17.80 indicates potential for only about 6.7% upside. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 hours ago
- Yahoo
What Is One of the Best Quantum Computing Stocks to Buy Now?
Key Points Quantum computing has the potential to be a truly transformative technology. But it could be years, if not more, before it can be practically implemented at scale. Companies like IonQ and Rigetti receive all the attention, but they face a long road ahead if the technology benefits aren't right around the corner. 10 stocks we like better than Alphabet › Quantum computing is one of the most hyped technologies on the market, and for good reason. The technology is like something out of a sci-fi novel and could massively advance computing in ways we don't even quite understand yet. It's a technology with true revolutionary power. Investors interested in this sector may be getting ahead of themselves. While some are betting the widespread commercialization of the technology is just a few years away, there's good reason to think it could be much longer before that happens. Alphabet has been working on quantum for years Before quantum computing grabbed headlines, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) was already investing heavily in the field. It has poured a sizable portion of its massive R&D budget and top-tier talent into the effort, leading to milestones like reaching "quantum supremacy" -- beating a classical computer in a highly limited task -- in 2019. This is exactly where Alphabet excels -- transforming revolutionary science into revolutionary technology. Alphabet has resources few can match Only Microsoft and, to a lesser extent, IBM, can match Alphabet's R&D firepower, both from a financial and personnel perspective. At any point, the company could direct the full weight of its R&D budget toward quantum -- tens of billions of dollars. And when the time comes to commercialize the technology, Alphabet can quickly and readily deploy it through its existing cloud infrastructure. Alphabet gives you much of the upside with almost none of the risks If the technology takes five, 10, or more years to reach its potential, Alphabet's steady cash flows mean it never has to worry about where it will find its next six months of funding. That's certainly not true for IonQ, Rigetti, and companies like them. And in the meantime, with Alphabet, you get a mature, highly successful tech company at the forefront of artificial intelligence and a stock that trades at a discount to many of its big tech peers. Should you invest $1,000 in Alphabet right now? Before you buy stock in Alphabet, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Alphabet wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* Now, it's worth noting Stock Advisor's total average return is 1,070% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 18, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, International Business Machines, and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. What Is One of the Best Quantum Computing Stocks to Buy Now? was originally published by The Motley Fool
Yahoo
8 hours ago
- Yahoo
Why Rigetti Computing Stock Is Sinking Today
Key Points Q2 revenue was $1.8 million, down roughly 42% year over year; net loss neared $40 million. Soft jobs data and hotter-than-expected inflation data weighed on risk assets like quantum stocks. 10 stocks we like better than Rigetti Computing › Shares of Rigetti Computing (NASDAQ: RGTI) are sinking on Tuesday, down 8.7% as of 2:46 p.m. ET. The drop comes as the S&P 500 loses 0.7% and the Nasdaq Composite loses 1.5%. The quantum computing company's stock is continuing its slide after its recent earnings failed to impress investors and as macro concerns about the direction of the economy are leading investors to jump out of risky stocks. Rigetti Computing stock drops on weak Q2 and macro jitters Last week, Rigetti released its Q2 report, revealing that its sales and earnings were down significantly year over year. The company's $1.8 million in revenue was nearly 42% less than last year in the same period, and its net income dropped nearly 220% as the company lost nearly $40 million in the quarter. While the loss was exacerbated by some one-off accounting charges, the performance still showed how far the company is from justifying its current market cap of nearly $5 billion. Adding to the pain, recent economic data is putting pressure on riskier stocks like Rigetti. The latest jobs report shows the economy may be slowing, while at the same time, inflation numbers came in higher than expected. Investors should be cautious The company did share some promising operational updates and leaps in its technological development in its earnings release, but I believe we are likely many, many years, if not decades, away from viable quantum computing. Despite this, Rigetti and other quantum computing companies are reaching multibillion-dollar valuations already. I think there is a major disconnect here, and quantum investors may get burned if the economy does really take a dive. Should you buy stock in Rigetti Computing right now? Before you buy stock in Rigetti Computing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rigetti Computing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,466!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,633!* Now, it's worth noting Stock Advisor's total average return is 1,076% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 18, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Rigetti Computing Stock Is Sinking Today was originally published by The Motley Fool Sign in to access your portfolio
