Rigetti Computing (RGTI) Stock Analysis: Quantum Computing Play Shows Volatility Amid Strategic Moves

Rigetti Computing’s stock trajectory mirrors the volatility inherent in emerging tech sectors. Despite a staggering 2,000% surge from its 52-week low, RGTI remains nearly 30% down year-to-date—a paradox highlighting the speculative nature of quantum computing investments.

The company’s recent $35 million infusion from Quanta Computer and participation in DARPA’s Quantum Benchmarking Initiative signal institutional confidence. Yet financials tell a contrasting story: Q1 2025 Core revenue plummeted 52% year-over-year to $1.5 million, while operating losses expanded to $21.6 million.

Technological milestones like the 84-qubit Ankaa-3 system with 99.5% gate fidelity demonstrate progress. Analysts maintain a ’Strong Buy’ with $16 price targets, implying 23% upside potential—a bet on quantum’s long-term payoff rather than near-term fundamentals.