Analysts Warn Rigetti Stock Could Drop Even More Dataconomy
Written by Keith Noonan for The Motley Fool-> Rigetti Computing stock saw fell in the first half of 2025 after surging 1,449% last year. Comments from Nvidia CEO Jensen Huang played a significant role in shaping Rigetti's stock moves across the first half of the year. Rigetti's share price has been skyrocketing in July. Rigetti Computing (NASDAQ: RGTI) stock got hit with substantial sell-offs in the first half of this year. The company's share price fell 22.3% across the stretch, according to data from S&P Global Market Intelligence.
The stock lost ground even as the S&P 500 (SNPINDEX: ^GSPC) saw a 5.5% increase. Rigetti Computing (NASDAQ: RGTI) saw its stock plummet by 47% on January 8, following comments from Nvidia (NASDAQ: NVDA) CEO Jensen Huang at CES 2025. Huang’s remarks about quantum computing being “20 years away from becoming very useful” sent shockwaves through the sector, leading to sharp declines in stocks like Rigetti, D-Wave Quantum (QBTS), and IonQ (IONQ). Rigetti Computing, a quantum computing firm located in California, creates advanced quantum processors and provides services via its cloud platform, Forest. The Novera QPU, the company’s main product, is intended for premium uses such as scientific studies and climate simulation. As Rigetti forges partnerships, notably one with Nvidia, it continues to depend significantly on government funds and research and development investments.
As quarterly losses increase and commercial quantum computing remains unprofitable, the stock is likely to experience fluctuations. The dramatic sell-off has placed Rigetti in a critical technical position. Key levels to watch include: Although the significant downturn has increased Rigetti’s appeal to investors with a high-risk appetite, careful consideration is advised. Experts continue to classify the stock as a “Strong Buy,” yet its prospects depend on the effective advancement of quantum technologies and market successes. The 8 analysts that cover Rigetti Computing stock have a consensus rating of "Buy" and an average price target of $29.38, which forecasts a 32.64% increase in the stock price over the next year.
The lowest target is $12 and the highest is $50. The average analyst rating for Rigetti Computing stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months. Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement Rigetti Computing Inc.
faces significant market impact from reports highlighting potential operational challenges and the liquidation of a major investor’s stake, contributing to a cautious outlook. On Thursday, Rigetti Computing Inc.’s stocks have been trading down by -8.63 percent. Live Update At 14:05:43 EST: On Thursday, March 20, 2025 Rigetti Computing Inc. stock [NASDAQ: RGTI] is trending down by -8.63%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below. The company’s Chief Technology Officer, David Rivas, sold shares worth around $2.73M.
Following this large transaction, Rivas still controls more than 1 million shares, creating a stir amongst investors. Rigetti’s Q4 earnings reflected a loss, worsened by significant revenue drops. In light of these financial setbacks, the company’s stock price has reacted accordingly. As Tim Bohen, lead trainer with StocksToTrade says, “I focus on momentum that’s visible right now. Speculation on future moves is outside my playbook.” In the fast-paced world of trading, relying on visible momentum is crucial. Many traders get caught up in predictions and speculations, but staying grounded in the present data helps in making informed and timely decisions.
The market is unpredictable, and having a strategy that centers on current momentum can significantly enhance a trader’s effectiveness. Bill McColl has 25+ years of experience as a senior producer and writer for TV, radio, and digital media leading teams of anchors, reporters, and editors in creating news broadcasts, covering some of the... Thomas Fuller / SOPA Images / LightRocket via Getty Images Rigetti Computing (RGTI) shares slumped 10% Tuesday, a day after the provider of quantum computing services' sales sank and its profit came from an accounting gain. The company reported first-quarter revenue plunged 52% year-over-year to $1.5 million. Rigetti did post earnings per share of $0.13, compared to a $0.14 loss the previous year.
However, net income of $42.6 million included $62.1 million in "non-cash gains from the change in fair value of derivative warrant and earn-out liabilities." According to a transcript provided by AlphaSense, CFO Jeffrey Bertelsen told analysts on the earnings call Monday that "lower gross margins on a year-over-year basis were due to ongoing revenues from our contract with...
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Written By Keith Noonan For The Motley Fool-> Rigetti Computing
Written by Keith Noonan for The Motley Fool-> Rigetti Computing stock saw fell in the first half of 2025 after surging 1,449% last year. Comments from Nvidia CEO Jensen Huang played a significant role in shaping Rigetti's stock moves across the first half of the year. Rigetti's share price has been skyrocketing in July. Rigetti Computing (NASDAQ: RGTI) stock got hit with substantial sell-offs in t...
The Stock Lost Ground Even As The S&P 500 (SNPINDEX:
The stock lost ground even as the S&P 500 (SNPINDEX: ^GSPC) saw a 5.5% increase. Rigetti Computing (NASDAQ: RGTI) saw its stock plummet by 47% on January 8, following comments from Nvidia (NASDAQ: NVDA) CEO Jensen Huang at CES 2025. Huang’s remarks about quantum computing being “20 years away from becoming very useful” sent shockwaves through the sector, leading to sharp declines in stocks like Ri...
As Quarterly Losses Increase And Commercial Quantum Computing Remains Unprofitable,
As quarterly losses increase and commercial quantum computing remains unprofitable, the stock is likely to experience fluctuations. The dramatic sell-off has placed Rigetti in a critical technical position. Key levels to watch include: Although the significant downturn has increased Rigetti’s appeal to investors with a high-risk appetite, careful consideration is advised. Experts continue to class...
The Lowest Target Is $12 And The Highest Is $50.
The lowest target is $12 and the highest is $50. The average analyst rating for Rigetti Computing stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months. Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement Rigetti Computing Inc.
Faces Significant Market Impact From Reports Highlighting Potential Operational Challenges
faces significant market impact from reports highlighting potential operational challenges and the liquidation of a major investor’s stake, contributing to a cautious outlook. On Thursday, Rigetti Computing Inc.’s stocks have been trading down by -8.63 percent. Live Update At 14:05:43 EST: On Thursday, March 20, 2025 Rigetti Computing Inc. stock [NASDAQ: RGTI] is trending down by -8.63%! Discover ...
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