Rigetti Computing (RGTI) Stock Forecast & Price Target

Rigetti Computing Inc has demonstrated significant stock performance, with shares rising 136%, outperforming its peers in the quantum computing sector. The company is positioned for substantial revenue growth, expected to materialize notably in 2026, supported by an increase in demand from the public sector as the advantages of quantum computing are realized. Additionally, Rigetti's recent announcements and engagement with the expanding quantum ETF market, particularly the Defiance Quantum ETF, further solidify a positive outlook for the company's future as it continues to validate its long-term strategy in the quantum computing landscape.

Rigetti Computing Inc. has experienced a notable decline in gross margin, which fell to 20.7%, down from 31.4% in the previous quarter, primarily due to low volume and unfavorable revenue mix. The company's quarterly revenue of $1.9 million was approximately $0.3 million below expectations, hindered by ongoing government funding delays and the expiration of the NQIA, creating fluctuations and unpredictability in sales. Additionally, the uncertainty surrounding the performance capabilities of large-scale quantum systems and potential policy changes poses significant risks to revenue, which could adversely affect the company’s valuation and share price projections.