Rigetti Computing (RGTI) Stock Forecast & Price Target

Rigetti Computing Inc. has experienced a notable surge in trading volume, increasing by 67% compared to the previous month, indicating heightened investor interest and confidence in the stock. The company's innovative developments, such as its multi-chip quantum processor and its positioning in the quantum computing sector, have contributed to significant revenue growth expectations, particularly projecting an increase in revenues in 4Q25 and a more substantial rise in 2026. Additionally, Rigetti's impressive 136% share price increase, coupled with its strong performance relative to peers, reflects a robust market position fueled by expanding demand, especially from the public sector as the practicality of quantum computing becomes more evident.

Rigetti Computing Inc. has experienced a significant decline in gross margin, dropping to 20.7% in the most recent quarter from 31.4% the previous quarter, indicative of challenges in revenue mix and low sales volume. The company's revenue of $1.9 million fell approximately $0.3 million short of expectations, largely due to delays in government funding and a skewed revenue mix away from development contracts. Additionally, the evolving nature of quantum computing raises concerns about the performance of large-scale systems and the potential for policy changes or budget reductions to further affect revenues, creating a more uncertain outlook for the company's financial performance.