Rigetti Computing Stock, News & Price Target

Rigetti Computing is one of the most recognized names in the quantum computing industry. Founded in 2013, it has built a reputation as a full-stack quantum computing company. Unlike firms that focus only on software or hardware, Rigetti develops everything from superconducting quantum chips to programming tools. 

The company trades on NASDAQ under the ticker symbol RGTI, attracting investors who are optimistic about quantum technology’s future. Yet, its journey is not without challenges.

Company Background

Rigetti Computing was founded by Chad Rigetti, a physicist with experience at IBM’s quantum division. The company started with the idea of making quantum computing more accessible. In 2016, it introduced its first 3-qubit chip. In 2017, Rigetti launched Forest, a cloud platform for quantum programming. This step allowed developers worldwide to test quantum algorithms on real hardware.

In 2022, Rigetti went public through a special purpose acquisition company (SPAC). The listing gave it a broader investor base but also brought scrutiny to its financial performance. Since then, the company has experienced both optimism and doubt in the stock market. Investors remain interested due to its technological progress.

Technology and Innovation

Full-Stack Model

Rigetti follows a full-stack model. It designs chips, builds the hardware, and develops the software that runs on it. This integration makes the company stand out. Competitors often rely on partnerships, while Rigetti manages the entire chain.

Quantum Processors

Rigetti’s quantum chips use superconducting qubits. These are cooled to near absolute zero to minimize noise. Its Novera 9-qubit QPU is one of the most important products. Universities and governments have purchased it to advance research.

Forest and Quil

The company’s software platform, Forest, uses a programming language called Quil. Quil is designed for hybrid quantum-classical computing. Developers can use Python libraries to write algorithms that combine quantum and classical computing power. This makes Rigetti’s platform useful for a wide range of experiments.

Fab-1 Facility

Rigetti owns Fab-1, a quantum chip fabrication facility in Fremont, California. It is one of the few independent fabs dedicated to quantum processors. Having its own fab allows Rigetti to design, test, and improve chips quickly. This speeds up innovation and makes the company more flexible.

Financial Performance

Revenue Trends

Rigetti has struggled with revenue growth. In Q4 2024, it reported revenue of $2.27 million, down from $3.38 million the year before. Losses widened as operating costs remained high. In Q2 2025, revenue dropped again to $1.8 million, reflecting the difficulty of monetizing quantum technology at this early stage.

Losses and Challenges

Losses remain a concern. Rigetti reported an adjusted loss per share of $0.13 in Q2 2025, compared to $0.07 in the prior year. This shows how expensive quantum research and development can be. Investors understand that profitability is far away, but they expect strategic progress.

Positive Highlights

Despite losses, Rigetti achieved some wins. It sold Novera chips to Montana State University and the UK government. It also secured a major partnership with Quanta Computer, a global electronics manufacturer. Quanta invested $35 million and formed a strategic collaboration to help Rigetti scale its technology.

Stock Market Outlook

As of late August 2025, Rigetti stock trades near $15.08 per share. The stock is highly volatile. It often moves sharply after earnings reports or news about contracts. Investors see it as a high-risk, high-reward opportunity.

Analyst Ratings

Analysts are divided but generally positive. Many rate Rigetti a “Strong Buy.” Price targets range from $14 to $20, with an average around $17–$18. Some analysts highlight the potential upside if Rigetti scales its quantum systems beyond 100 qubits in the coming years. Others warn of risks due to slow revenue growth and competition from giants like IBM and Google.

Price Target Forecasts

• TipRanks: $18.83 average target.
• MarketBeat: $17.43 average target.
• TradingView: $19.00 target.
• Zacks: Range $14–$20.

These targets suggest moderate upside but reflect uncertainty. The stock is sensitive to both technical milestones and government funding announcements.

Rigetti Computing News

Rigetti often makes headlines in quantum news. Its announcements about new processors, research partnerships, or sales of Novera QPUs show that the company is moving forward. Recently, its partnership with Quanta Computer generated optimism about scaling.

The quantum computing space is crowded. IBM, Google, IonQ, and D-Wave all compete with Rigetti. Unlike larger players, Rigetti relies more on strategic partnerships and government grants. Its survival depends on proving it can deliver scalable systems.

Future Outlook

Rigetti plans to scale to 36 qubits by mid-2025 and exceed 100 qubits by the end of the year. Achieving this will be critical. Scaling is the key to demonstrating practical quantum advantage. If successful, Rigetti could strengthen its market position.

Quantum computing has applications in drug discovery, optimization, materials science, and cryptography. Rigetti aims to serve researchers, governments, and industries that want early access to quantum hardware. Its full-stack approach may give it flexibility to adapt.

The main risks are financial. Revenue is low, and losses are high. If investor confidence drops, Rigetti may face funding challenges. Competition from tech giants is also intense. Execution on its roadmap will determine whether Rigetti can survive and grow.

Conclusion

Rigetti Computing is an ambitious company in the quantum computing industry. It develops chips, builds systems, and creates programming tools, making it one of the few true full-stack players. Financial results remain weak, but partnerships and strategic deals show promise. The stock is volatile but continues to attract interest due to its long-term potential. Analysts expect modest gains, with targets mostly between $16 and $19.

Rigetti’s future depends on execution. If it can scale beyond 100 qubits and secure more partnerships, it could become a major force in quantum computing. For now, it remains a speculative but fascinating company at the frontier of technology.