Rigetti Computing (RGTI) Stock Analysis: Why This 2,000% Gainer Still Has Room to Run
TLDR
- Rigetti Computing (RGTI) stock has surged over 2,000% from its 52-week low but remains down nearly 30% year-to-date
- The company received a $35 million strategic investment from Quanta Computer and is participating in DARPA’s Quantum Benchmarking Initiative
- Q1 2025 showed declining core revenue of $1.5 million (down 52% year-over-year) with operating losses widening to $21.6 million
- Rigetti launched its 84-qubit Ankaa-3 system with 99.5% median two-qubit gate fidelity, available through cloud services
- Analysts give RGTI a “Strong Buy” rating with price targets around $16, suggesting potential 23% upside from current levels
Rigetti Computing has become one of the most volatile stories in quantum computing this…
