Rigetti Computing (RGTI) Stock Forecast & Price Target

Rigetti Computing Inc. has exhibited remarkable stock performance, with a 136% increase in shares over the recent period, significantly outpacing competitors in the quantum computing sector. The company is poised for revenue growth, particularly in 2026, as it navigates current funding uncertainties and anticipates rising demand from both public and private sectors amidst an evolving quantum landscape. Additionally, the notable surge in trading volume, both in the last 30 days and over the past three months, reflects increasing investor interest and confidence in Rigetti's strategic execution and its position as a leader in the quantum computing industry.

Rigetti Computing Inc. reported a gross margin of 20.7%, reflecting a significant decline from 31.4% in the previous quarter, primarily due to low volume and a negative shift in revenue mix. The company’s revenue for the third quarter was $1.9 million, approximately $0.3 million below expectations, attributed to lumpy sales and delays in government funding, which have adversely affected revenue recognition. Furthermore, the nascent state of quantum computing technology poses inherent risks, as large-scale systems may not meet performance benchmarks, potentially leading to downward pressure on valuation and share price projections.