Rigetti Computing (RGTI) Stock Forecast & Price Target

Rigetti Computing Inc. has seen a significant increase in trading volume, with a 67% rise compared to the previous 30-day average, indicating heightened investor interest and confidence in the company's prospects. The company is poised for revenue growth, with expectations for a substantial increase in 4Q25 and even more substantial gains in 2026, reflecting trends within the quantum computing sector and improved demand from public sector customers. Additionally, Rigetti has outperformed its competitors in stock price appreciation, with a remarkable 136% gain, further underscoring its competitive position and the acceleration of momentum in the quantum computing market.

Rigetti Computing Inc has reported a notable decline in gross margin, dropping to 20.7% in 3Q from 31.4% in the previous quarter, primarily due to low volume and unfavorable revenue mix, which was further exacerbated by ongoing delays in government funding. The company's revenue of $1.9 million fell approximately $0.3 million short of expectations, attributed to sales volatility and the negative effects of the NQIA expiration, hindering the consistency of revenue recognition. Additionally, the uncertainty surrounding the quantum computing sector, particularly the challenge of developing large-scale systems that meet market performance expectations, poses significant risks to Rigetti's valuation and future revenue generation.