Latest news with #QuantumLeadershipActof2025
Business Insider
09-08-2025
- Business
- Business Insider
Is Rigetti Computing Stock (RGTI) a Buy Before Q2 Earnings?
Quantum computing company Rigetti Computing (RGTI) is scheduled to report its results for the second quarter of 2025 after the market closes on Tuesday, August 12. Despite growing competition in the quantum computing space, analysts remain upbeat about the company's growth due to its meaningful progress on its quantum roadmap. RGTI stock has surged approximately 1,786% over the past year, driven by growing investor interest in next-gen computing. Overall, analysts currently rate RGTI stock as a 'Strong Buy' ahead of the release. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. What to Expect from RGTI's Q2 Earnings Wall Street analysts expect Rigetti to report a narrower loss per share of $0.05 in Q2 2025, compared to a loss of $0.07 in the prior-year quarter. However, the company's revenue for Q2 2025 is expected to decline by about 39% year-over-year to $1.87 million. It's worth noting that Rigetti has missed earnings estimates six times in the past nine quarters. RGTI Is Not Yet Making Real Profits Rigetti is making progress, but it's still not profitable. The company reported net income of $42.6 million in Q1 2025, but this was mostly due to a $62.1 million non-cash gain, not from its core business. Meanwhile, revenue fell 52% year-over-year to $1.5 million. Even with these challenges, Rigetti's cash position remains strong. It ended the first quarter with $209.1 million in cash and investments, giving it a solid cushion to keep operating. The company is also cutting costs and staying focused on its tech goals. It plans to launch a 36-qubit system by mid-2025 and aims to go beyond 100 qubits by the end of the year using chiplet architecture. Analysts Remain Upbeat About the Stock Heading into the Q2 print, Needham Top analyst N. Quinn Bolton reiterated a Buy rating on RGTI stock and raised the price target to $18 from $15, citing growing momentum in quantum tech. He believes new U.S. policy efforts, like the Quantum Leadership Act of 2025, could drive government funding higher and benefit companies like Rigetti. Also, B. Riley analyst Craig Ellis recently raised his price target on Rigetti Computing to $19 from $15 and maintained a Buy rating. The 5-star analyst expects Q2 revenue and EPS to come in at $1.9 million and ($0.06), roughly in line with consensus. Is RGTI Stock a Buy, Sell, or Hold? Turning to Wall Street, analysts have a Strong Buy consensus rating on RGTI stock based on seven unanimous Buys assigned in the past three months, as indicated by the graphic below. The average RGTI stock price target is $16.80, implying upside potential of 7.28%.
Business Insider
05-08-2025
- Business
- Business Insider
RGTI and IONQ: Needham Boosts Price Targets on Two Key Quantum Stocks
Shares of two quantum computing stocks, Rigetti Computing (RGTI) and IonQ (IONQ), are trending higher in the pre-market trading session. In a new report today, Needham Top analyst N. Quinn Bolton assigned a 'Buy' rating to both stocks and increased price targets for each, pointing to rising momentum in the quantum computing space. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. For Rigetti stock, the five-star analyst raised the price target to $18 from $15, implying 27% upside potential. For IonQ stock, he lifted the price target to $60 from $50, which implies 57% upside potential. Why Is Needham Bullish on These Stocks? In his latest note, Bolton said that new policy moves in Washington may boost prospects for companies like Rigetti and IonQ. He pointed to the Department of Energy's Quantum Leadership Act of 2025, a bill now being looked at in Congress. This bill would set aside more than $2.5 billion over five years to grow the Department of Energy's (DOE's) work in quantum research. Bolton believes that if the bill becomes law, it would lead to a sharp rise in U.S. government spending on quantum tech, giving a clear boost to firms like Rigetti and IonQ. He also pointed to DARPA's Quantum Benchmarking Initiative as another key sign. He sees this as a strong sign that federal agencies are becoming more serious about pushing quantum technologies forward. With both public and private interest building in quantum computing, he thinks Rigetti and IonQ are in a good spot to grow as support and funding keep building. We used the TipRanks Stock Comparison Tool to determine which stock is more favored by analysts. Currently, Wall Street has a 'Strong Buy' consensus rating on both stocks, with IONQ offering higher upside potential of 25% over the next 12 months. Meanwhile, RGTI's average share price target of $16.20 implies upside of 14.7% from current levels.
