Rigetti Computing's stock RGTI has surged, driven by advancements in quantum computing technology.

From Nasdaq: 2025-01-20 12:27:00

1. Rigetti Computing’s stock (RGTI) has surged 678.9% in the past three months, outperforming the industry and sector. The company’s new 84-qubit Ankaa-3 quantum computer is boosting performance and scalability, with plans to expand to Amazon Braket and Microsoft Azure. RGTI’s partnerships with Riverlane, NVIDIA, and Quantum Machines drive its success.
2. Rigetti leads in quantum computing with advancements in hardware and multi-chip architecture for scaling qubit systems. The company’s future growth is supported by a projected 20.1% CAGR in the quantum computing market from 2024 to 2030. However, challenges in the quantum market and remarks from industry leaders have impacted RGTI’s stock.
3. Despite challenges, RGTI’s earnings estimate for 2025 shows growth potential with a projected 40.29% increase in revenues and a 17.65% year-over-year increase in loss per share. Investors are advised to wait for a better entry point to accumulate RGTI stock.
4. RGTI stock faces challenges in the quantum market, but its advancements in quantum computing technology drive top-line growth. However, concerns from industry leaders have impacted the stock, emphasizing the need for investors to wait for a better entry point.
5. RGTI’s stock is not cheap, with a Value Score of F and a forward 12-month Price/Sales ratio higher than the sector average. With a Zacks Rank #3 (Hold), investors are advised to wait for a better entry point to accumulate RGTI stock.

Read more at Nasdaq: RGTI Surges 679% in 3 Months: More Room to Grow or Time to Sell?