University of Kwazulu-Natal

Rigetti Computing Rgti Stock Hits A New All Time High What S Going

Bonisiwe Shabane
-
rigetti computing rgti stock hits a new all time high what s going

Quantum computing exploded onto the investment scene in late 2024, igniting a frenzy that propelled pure-play stocks to astronomical heights. Rigetti Computing (RGTI) emerged as one of the biggest beneficiaries, with shares rocketing over 800% in a single month amid breakthrough announcements and surging optimism. Over the past three years, RGTI has delivered staggering gains of more than 3,200%, and at its peak, the stock was up over 8,200% from historic lows. Early investors have undeniably struck a rich motherlode, turning modest bets into life-changing wealth. Yet for those new to the quantum sector, the ride has been brutal. On Friday, RGTI tumbled almost 9% to close 61% below its October high of $58, erasing much of the year's explosive gains.

This pullback mirrors broader pain across quantum stocks like IonQ (IONQ) and D-Wave (QBTS), which have also plunged sharply after similar booms and busts. With the entire sector reeling, investors need to ask: Is the hype surrounding quantum computing finally over – and is RGTI still a buy? Quantum computing harnesses principles of quantum mechanics, using qubits that can exist in multiple states simultaneously (superposition) and become entangled. Unlike classical bits limited to 0 or 1, this enables quantum systems to explore vast solutions exponentially faster for certain problems. The potential is transformative: faster drug discovery by simulating molecules, optimized financial models, unbreakable encryption breakthroughs, and efficient logistics routing. Quantum could reshape industries from pharmaceuticals to materials science, unlocking solutions classical computers can't touch in reasonable time.

Shares of quantum computing firm Rigetti Computing Inc (NASDAQ:RGTI) surged to a new all-time high on Monday, continuing a 5,900% rally over the past year fueled by strong investor confidence. Here’s what investors need to know. What To Know: The stock's dramatic ascent follows a recent price target increase from Benchmark, which raised its target to $50. According to the Benchmark analyst, Rigetti is well-positioned to capitalize on the quantum sector’s growing momentum thanks to its solid foundation of government and private-sector contracts. The company also recently secured $21 million in contracts for 2025 and boasts a $571 million cash reserve to fund its technology roadmap. A key partnership with Nvidia has also bolstered its competitive standing.

The recent contract wins include multi-million dollar agreements with the U.S. Air Force Research Lab and a consortium for the UK’s National Quantum Computing Centre. These deals are being viewed as validation of Rigetti’s chiplet architecture and its four-year technology roadmap. Despite broader market volatility late last week stemming from renewed trade concerns, Rigetti's focus on developing a 1,000+ qubit, error-corrected quantum system, combined with its solid financial footing, has propelled it to new heights... Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally. The company offers quantum processing units (QPUs) and quantum computing systems through the cloud in the form of quantum computing as a service (QCaaS) products.

It also provides 9- ubit quantum processing unit under the Novera QPU trade name; 84-qubit Ankaa-3 system under the name Novera QPU; and sells access to its quantum computers through QCa... [Read more] In 2024, Rigetti Computing's revenue was $10.79 million, a decrease of -10.14% compared to the previous year's $12.01 million. Losses were -$200.99 million, 167.6% more than in 2023. According to 8 analysts, the average rating for RGTI stock is "Buy." The 12-month stock price target is $29.38, which is an increase of 32.64% from the latest price. When it comes to investing themes over the past several years, stocks with exposure to artificial intelligence or building AI products have been widely followed.

A market expert shares with Benzinga w... Charlie Garcia responds to readers about the opportunities and obstacles for investors in quantum computing. Rigetti Computing, Inc. (NASDAQ:RGTI - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $21.68 and last traded at $20.97, with a volume of 48437809 shares traded. The stock had previously closed at $20.00.

A number of analysts have recently issued reports on the company. Alliance Global Partners reaffirmed a "buy" rating on shares of Rigetti Computing in a research note on Wednesday, July 16th. Benchmark boosted their price objective on Rigetti Computing from $14.00 to $20.00 and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Needham & Company LLC boosted their price objective on Rigetti Computing from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Industrial Alliance Securities set a $18.00 price objective on Rigetti Computing in a research note on Wednesday, July 16th. Finally, Williams Trading set a $20.00 price objective on Rigetti Computing in a research note on Wednesday, August 13th.

Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $17.43. View Our Latest Report on Rigetti Computing The company has a market cap of $9.25 billion, a PE ratio of -37.53 and a beta of 1.44. The stock has a 50-day simple moving average of $16.41 and a 200 day simple moving average of $12.55. Rigetti Computing (NASDAQ:RGTI - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.01.

Rigetti Computing had a negative return on equity of 29.05% and a negative net margin of 2,134.92%.The company had revenue of $1.80 million for the quarter, compared to the consensus estimate of $1.87 million. As a group, research analysts anticipate that Rigetti Computing, Inc. will post -0.34 earnings per share for the current fiscal year. Rigetti Computing (NASDAQ: RGTI), a leading quantum computing company, has shocked Wall Street with a jaw-dropping 1,000%+ rally in 2025. On the latest trading day, shares climbed another 5%, adding fuel to an already historic surge. The dramatic price movement reflects both investor excitement and the broader momentum building around quantum technologies.

As Rigetti continues to grow and attract attention, both retail and institutional investors are asking: What’s fueling this rally—and can it last? Rigetti Computing is a pioneer in full-stack quantum computing. Unlike traditional tech firms, Rigetti builds both quantum processors and the software required to run quantum algorithms. Founded in 2013, the company has positioned itself as one of the few startups capable of delivering scalable, cloud-accessible quantum systems. With headquarters in Berkeley, California, Rigetti aims to revolutionize industries ranging from cryptography and drug discovery to finance and AI. While the daily 5% gain may appear modest compared to the stock’s annual climb, it reflects ongoing bullish sentiment.

Here are a few possible drivers behind the latest price move: Shares of quantum computing firm Rigetti Computing Inc (NASDAQ:RGTI) surged to a new all-time high on Monday, continuing a 5,900% rally over the past year fueled by strong investor confidence. Here’s what investors need to know. What To Know: The stock's dramatic ascent follows a recent price target increase from Benchmark, which raised its target to $50. According to the Benchmark analyst, Rigetti is well-positioned to capitalize on the quantum sector’s growing momentum thanks to its solid foundation of government and private-sector contracts. The company also recently secured $21 million in contracts for 2025 and boasts a $571 million cash reserve to fund its technology roadmap.

A key partnership with Nvidia has also bolstered its competitive standing. The recent contract wins include multi-million dollar agreements with the U.S. Air Force Research Lab and a consortium for the UK’s National Quantum Computing Centre. These deals are being viewed as validation of Rigetti’s chiplet architecture and its four-year technology roadmap. Despite broader market volatility late last week stemming from renewed trade concerns, Rigetti's focus on developing a 1,000+ qubit, error-corrected quantum system, combined with its solid financial footing, has propelled it to new heights...

People Also Search

Quantum Computing Exploded Onto The Investment Scene In Late 2024,

Quantum computing exploded onto the investment scene in late 2024, igniting a frenzy that propelled pure-play stocks to astronomical heights. Rigetti Computing (RGTI) emerged as one of the biggest beneficiaries, with shares rocketing over 800% in a single month amid breakthrough announcements and surging optimism. Over the past three years, RGTI has delivered staggering gains of more than 3,200%, ...

This Pullback Mirrors Broader Pain Across Quantum Stocks Like IonQ

This pullback mirrors broader pain across quantum stocks like IonQ (IONQ) and D-Wave (QBTS), which have also plunged sharply after similar booms and busts. With the entire sector reeling, investors need to ask: Is the hype surrounding quantum computing finally over – and is RGTI still a buy? Quantum computing harnesses principles of quantum mechanics, using qubits that can exist in multiple states...

Shares Of Quantum Computing Firm Rigetti Computing Inc (NASDAQ:RGTI) Surged

Shares of quantum computing firm Rigetti Computing Inc (NASDAQ:RGTI) surged to a new all-time high on Monday, continuing a 5,900% rally over the past year fueled by strong investor confidence. Here’s what investors need to know. What To Know: The stock's dramatic ascent follows a recent price target increase from Benchmark, which raised its target to $50. According to the Benchmark analyst, Rigett...

The Recent Contract Wins Include Multi-million Dollar Agreements With The

The recent contract wins include multi-million dollar agreements with the U.S. Air Force Research Lab and a consortium for the UK’s National Quantum Computing Centre. These deals are being viewed as validation of Rigetti’s chiplet architecture and its four-year technology roadmap. Despite broader market volatility late last week stemming from renewed trade concerns, Rigetti's focus on developing a...

It Also Provides 9- Ubit Quantum Processing Unit Under The

It also provides 9- ubit quantum processing unit under the Novera QPU trade name; 84-qubit Ankaa-3 system under the name Novera QPU; and sells access to its quantum computers through QCa... [Read more] In 2024, Rigetti Computing's revenue was $10.79 million, a decrease of -10.14% compared to the previous year's $12.01 million. Losses were -$200.99 million, 167.6% more than in 2023. According to 8 ...