From Nasdaq: 2025-05-09 15:00:00

Rigetti Computing (RGTI) is set to report first-quarter 2025 results on May 12, with a projected revenue decline of 19.34% year over year to $2.46 million. Earnings are estimated at a loss of 5 cents per share, with past performance showing a negative average surprise of 11.25%. The stock has underperformed the industry and sector this year due to macroeconomic challenges.

RGTI’s focus on Quantum Processor Units and partnerships, like with Quanta Computer, is expected to drive growth. The launch of the 84-qubit Ankaa-3 quantum computer and integration of AI calibration tools improve efficiency and customer reliability. However, market challenges and industry skepticism, like from Meta and NVIDIA CEOs, pose risks to growth.

RGTI stock, trading at a premium with a forward 12-month Price/Sales ratio of 129.25X, benefits from partnerships with Amazon, Microsoft, NVIDIA, and Quantum Machines. The company’s advancements in quantum computing align with a projected 20.5% compound annual growth rate for the global quantum computing market, positioning RGTI for future success. Investors are advised to hold for a better entry point.

Zacks Investment Research highlights Rigetti Computing as a top stock pick with potential to double in value. Director of Research Sheraz Mian points to the company’s innovation and growing customer base as factors contributing to its growth potential. The stock is among the elite picks with significant upside potential, making it a noteworthy investment opportunity.



Read more at Nasdaq: Should You Buy, Hold, or Sell RGTI Stock Before Q1 Earnings?