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Business Insider
10-07-2025
- Business
- Business Insider
Benchmark Maintains Buy on Rigetti (RGTI) Stock, Citing Strong Quantum Progress and $14 Target
Benchmark five-star analyst David Williams has reiterated a Buy rating on Rigetti Computing (RGTI), maintaining a $14 price target. The stock closed at $13.38 yesterday, putting the target within close reach. 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. Rigetti, a quantum computing hardware developer based in Berkeley, California, has been steadily advancing its modular architecture, which includes its in-house designed quantum processor units (QPUs) and cooling systems. The company recently launched its most advanced system yet, the Ankaa-3, with 84 qubits. It also rolled out Novera, a compact 9-qubit version built for early-access developers and researchers. Benchmark Sees Consistent Progress Looking ahead, Rigetti plans to launch a 36-qubit system by midyear, built by linking four 9-qubit chiplets. A larger 100+ qubit machine is expected before the end of the year. The company missed revenue estimates for Q1 2025, reporting $1.5 million, more than $1 million below forecasts. However, with a $35 million equity investment from Quanta Computer in April, Rigetti now holds $237.7 million in liquid assets. Williams sees Rigetti's superconducting and modular approach as key to solving scalability in gate-based quantum systems. He notes the firm is making consistent progress toward internal fidelity goals, which are central to achieving quantum advantage. While the broader timeline for adoption remains cautious, Williams highlights growing interest in QPU hardware as a near-term revenue opportunity. Despite near-term challenges, Benchmark believes RGTI is in a strong position, supported by a compelling technical foundation, a sizable patent portfolio, and enough capital to sustain its roadmap. The reiteration of the Buy rating reflects confidence in Rigetti's strategy, execution, and market potential. As the quantum hardware space evolves, Rigetti continues to focus on building practical systems that can scale. With its latest systems in place and more on the way, the company remains a notable player in this emerging tech sector. Is RGTI Stock a Buy? average RGTI stock price target is $15, suggesting a 12.1% upside from current levels.
Yahoo
08-07-2025
- Business
- Yahoo
Is Rigetti Computing the Top Quantum Computing Stock for the Second Half of 2025?
Rigetti Computing is a pure-play quantum computing start-up. Its quarterly revenue is significantly less than that of some of its pure-play peers. Its stock movement is only tied to investing hype and press releases. 10 stocks we like better than Rigetti Computing › Quantum computing is an exciting investment field that could heat up during the second half of 2025. More and more systems are being sold for research purposes, and Rigetti Computing's (NASDAQ: RGTI) systems are among the best. Rigetti is still down around 35% from its high at the start of the year but has rallied significantly in recent weeks. Could Rigetti Computing return to its all-time high by the time 2025 is over? Let's take a look. Rigetti Computing is a pure-play quantum computing investment. It's not like some of the other big tech companies that are using their cash flows to fund quantum computing research. Instead, Rigetti relies on contracts and one-off system sales to continue operations. If it falls behind in the quantum computing race or is unable to raise additional funds, the stock will be worthless. This highlights a key risk in investing in Rigetti Computing, but there is also immense upside. Should Rigetti Computing win the quantum computing race, it could benefit from a massive market opportunity that's expected to arise over the next decade. Before 2030, management estimates that the total market opportunity for quantum computing is approximately $1 billion to $2 billion, primarily focused on government research labs. However, management believes that there is a $15 billion to $30 billion annual market opportunity that will arise between 2030 and 2040. Should Rigetti Computing become the go-to option, it will be a massive win for investors. Rigetti is also taking the correct approach to building a winning quantum computing solution. Rigetti Computing offers a full-stack solution that provides the hardware and software necessary to run and produce results with its quantum computing ecosystem. This is similar to the approach that Nvidia (NASDAQ: NVDA) has taken with its graphics processing units (GPUs), which have allowed it to dominate the AI race. With Rigetti following in smart footsteps, it's no surprise that it has emerged as one of the top choices in quantum computing. But is that enough to propel Rigetti back to all-time highs in the back half of the year? As Rigetti openly admits, there isn't a huge market for quantum computers right now. As a result, any move in the stock price is due to speculation or news releases about the sale of a unit. In the first quarter of 2025, Rigetti Computing's sales were a measly $1.5 million. That's because there weren't many system sales. However, if Rigetti reports a quarter in which it's sold several of its Novera QPUs (quantum processing units), then the stock will likely rise on the good news. However, this is far from certain, and it all depends on whether customers can get proper funding (from the government) to research this emerging technology. As a result, I think investors are better off keeping their distance from Rigetti stock, as there are other, more promising quantum computing plays that are generating far more revenue or have alternative business models if their quantum computing investments don't work out. Rigetti Computing could still be a huge winner in the quantum computing race, but it looks to be a laggard in the field 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 $699,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $976,677!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Keithen Drury has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Is Rigetti Computing the Top Quantum Computing Stock for the Second Half of 2025? was originally published by The Motley Fool
Yahoo
27-06-2025
- Business
- Yahoo
Will Rigetti Computing Stock Hit $20 by the End of 2025?
Rigetti Computing offers a quantum processing unit for sale today. Q1 sales were disappointing to investors. 10 stocks we like better than Rigetti Computing › Rigetti Computing (NASDAQ: RGTI) is one of the more popular quantum computing start-up stocks on the market. It currently trades for around $11 per share, so if it reached $20, the stock would nearly double. While that may sound like a tall task, Rigetti Computing actually hit $20 during the first few days of the year before selling off. So, can the stock return to its all-time high before the end of 2025? Rigetti Computing is a quantum computing start-up focused on offering a full-stack quantum computing setup, which includes its quantum processing units (QPUs) and the software necessary to use them. This is a key investment point for Rigetti, as it could become a complete quantum computing solution should it win the quantum computing arms race. The biggest challenge facing quantum computing right now is computing accuracy, which is an inherent problem in all quantum computing devices, regardless of who manufactures them. Traditional computers process information in bits, which are either a 0 or a 1. This makes the answer black or white, as there's no room for interpretation. However, quantum computing uses qubits, which can better be described as a range of answers from 0 to 1. While a qubit will collapse an answer down to a 0 or a 1 when it's measured, the ability for an answer to exist in a superposition between a 0 and a 1 makes quantum computing more potent than traditional computing. The nuance of the data bits makes them much more powerful for certain types of computing work. However, because we cannot measure the qubit's superposition, the calculation is open to errors. There are multiple ways to make the calculation more accurate, and each company takes its own approach. This will be the deciding factor for which quantum computing companies are successful and which aren't. Rigetti Computing has taken the superconducting approach, which involves cooling the particles to a hundredth of a Kelvin, essentially absolute zero. This slows the particle's movement down to allow it to be measured, and this technology isn't a thing of the future; it's available today. Rigetti's Novera QPU is available to purchase, and is a 9-qubit QPU that a company can purchase starting at $900,000. It's Rigetti's most advanced offering to date, and delivers a 99.4% 2-qubit gate fidelity. Although the company hasn't sold many of these, this demonstrates that quantum computing is available for use today when needed. Right now, it's mostly an area of academic research, but it demonstrates that Rigetti is moving toward offering a product that can be used on a wide scale. However, Rigetti isn't selling these devices like hotcakes. In Q1, Rigetti's revenue totaled just $1.5 million, but management isn't worried about that. Rigetti knows its sales will be lumpy initially, as most institutions interested in this technology are hoping to get grants from the U.S. government, which hasn't handed out cash as freely as it once did. Still, if Rigetti gets a big order from a company looking to deploy quantum technology, that could excite investors and send the stock skyrocketing toward $20 per share. But that's not guaranteed. I'm not sure if Rigetti Computing's stock will hit $20 per share by the end of the year, but if it does, it should be because of a significant order announcement. Otherwise, the stock is generally trading on hype (or the lack thereof) and will be driven by various quantum computing headlines, pushing the whole industry up or down. Long story short, betting that Rigetti will reach $20 per share again in 2025 is more of a gamble than an investment. 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 $687,731!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $945,846!* Now, it's worth noting Stock Advisor's total average return is 818% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Keithen Drury 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. Will Rigetti Computing Stock Hit $20 by the End of 2025? was originally published by The Motley Fool 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
11-06-2025
- Business
- Yahoo
Rigetti Computing Completes $350 Million At-the-Market Equity Offering
BERKELEY, Calif., June 11, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) ('Rigetti' or the 'Company'), a pioneer in full-stack quantum-classical computing, today announced that it has completed sales of $350 million gross proceeds of its common stock pursuant to its previously disclosed at-the-market equity offering program. With this additional funding, Rigetti will have approximately $575 million of cash, cash equivalents and available-for-sale investments with no debt, and is well positioned to support commercial scale-up of its superconducting gate-based quantum computers. Rigetti intends to use the proceeds from the offering primarily for working capital, capital expenditures and other general corporate purposes, and may also use a portion of the net proceeds to enter into strategic collaborations, acquisitions or partnerships in the future. About Rigetti Rigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. In 2021, Rigetti began selling on-premises quantum computing systems with qubit counts between 24 and 84 qubits, supporting national laboratories and quantum computing centers. Rigetti's 9-qubit Novera QPU was introduced in 2023 supporting a broader R&D community with a high-performance, on-premises QPU designed to plug into a customer's existing cryogenic and control systems. The Company's proprietary quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. Rigetti has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. The Company designs and manufactures its chips in-house at Fab-1, the industry's first dedicated and integrated quantum device manufacturing facility. Learn more at Rigetti Computing Media Contact press@ Cautionary Language Concerning Forward-Looking Statements Certain statements in this communication may be considered 'forward-looking statements' within the meaning of the federal securities laws, including statements with respect to the Company's expectations with respect to its future success and performance, including expectations with respect to its use of funds, business strategy, and being well-positioned to support commercial scale-up of its superconducting gate-based quantum computers, and the potential of the Company's business and quantum computing generally. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the Company's ability to achieve milestones, technological advancements, including with respect to its technology roadmap; the ability of the Company to obtain government contracts successfully and in a timely manner and the availability of government funding; the potential of quantum computing; the success of the Company's partnerships and collaborations, including the strategic collaboration with Quanta; the Company's ability to accelerate its development of multiple generations of quantum processors; the outcome of any legal proceedings that may be instituted against the Company or others; the ability to maintain relationships with customers and suppliers and attract and retain management and key employees; costs related to operating as a public company; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business, or competitive factors; the Company's estimates of expenses and profitability; the evolution of the markets in which the Company competes; the ability of the Company to implement its strategic initiatives and expansion plans; the expected use of proceeds from the Company's past and future financings or other capital; the sufficiency of the Company's cash resources; unfavorable conditions in the Company's industry, the global economy or global supply chain, including rising inflation and interest rates, deteriorating international trade relations, political turmoil, natural catastrophes, warfare and terrorist attacks; and other risks and uncertainties set forth in the section entitled 'Risk Factors' and 'Cautionary Note Regarding Forward-Looking Statements' in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 and other documents filed by the Company from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements other than as required by applicable law. The Company does not give any assurance that it will achieve its in to access your portfolio
Yahoo
03-05-2025
- Business
- Yahoo
Rigetti Computing Closes Investment by Quanta Computer
BERKELEY, Calif., April 30, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) ('Rigetti' or the 'Company'), a pioneer in full-stack quantum-classical computing, announced today that it has closed the previously announced investment by Quanta Computer Inc. ('Quanta', TWSE: related to their strategic collaboration agreement. In connection with the closing, Quanta purchased approximately $35 million of shares of Rigetti common stock at approximately $11.59 per share. 'We are pleased to take this next step in our strategic collaboration with Quanta,' says Dr. Subodh Kulkarni, Rigetti CEO. 'Quanta's world-leading expertise in notebook and server manufacturing paired with Rigetti as a pioneer in superconducting quantum computing will help put us at the forefront of the quantum computing industry.' About RigettiRigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. In 2021, Rigetti began selling on-premises quantum computing systems with qubit counts between 24 and 84 qubits, supporting national laboratories and quantum computing centers. Rigetti's 9-qubit Novera QPU was introduced in 2023 supporting a broader R&D community with a high-performance, on-premises QPU designed to plug into a customer's existing cryogenic and control systems. The Company's proprietary quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. Rigetti has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. The Company designs and manufactures its chips in-house at Fab-1, the industry's first dedicated and integrated quantum device manufacturing facility. Learn more at Rigetti Media Contactpress@ Cautionary Language and Forward-Looking StatementsCertain statements in this communication may be considered 'forward-looking statements' within the meaning of the federal securities laws, including statements with respect to the Company's future success and performance, including expectations with respect to timing of the development and commercialization of superconducting quantum computing; expectations regarding the advantages and impact of the strategic collaboration agreement with Quanta on the Company's operations, technology roadmap, milestones, and the Company's position in the industry. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the Company's ability to achieve milestones, technological advancements, including with respect to its technology roadmap; the ability of the Company to obtain government contracts successfully and in a timely manner and the availability of government funding; the potential of quantum computing; the success of the Company's partnerships and collaborations, including the strategic collaboration with Quanta; the Company's ability to accelerate its development of multiple generations of quantum processors; the outcome of any legal proceedings that may be instituted against the Company or others; the ability to maintain relationships with customers and suppliers and attract and retain management and key employees; costs related to operating as a public company; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business, or competitive factors; the Company's estimates of expenses and profitability; the evolution of the markets in which the Company competes; the ability of the Company to implement its strategic initiatives and expansion plans; the expected use of proceeds from the Company's past and future financings or other capital; the sufficiency of the Company's cash resources; unfavorable conditions in the Company's industry, the global economy or global supply chain, including rising inflation and interest rates, deteriorating international trade relations, political turmoil, natural catastrophes, warfare and terrorist attacks; and other risks and uncertainties set forth in the section entitled 'Risk Factors' and 'Cautionary Note Regarding Forward-Looking Statements' in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements other than as required by applicable law. The Company does not give any assurance that it will achieve its in to access your portfolio
