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Key Stats for Rigetti Stock
- Price Change: +15%
- Current Share Price: $13
- 52-Week High: $21
- RGTI Stock Price Target: $15
What Happened?
Rigetti Computing (RGTI) stock surged 15% after Cantor Fitzgerald initiated coverage with an Overweight rating and set a $15 price target, signaling strong confidence in the company’s long-term prospects.
Cantor’s bullish stance comes at a time when interest in quantum computing is accelerating. While Rigetti’s revenue remains minimal with just $9 million in the past 12 months, investors are betting that the company’s early positioning in quantum hardware, along with government partnerships and recent commercial collaborations, could translate into major upside if quantum adoption takes off.
Rigetti has also benefited from growing retail investor enthusiasm around emerging tech themes. Shares have been volatile in recent months, but the new analyst coverage provided a jolt of optimism that reignited short-term momentum.
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The company’s valuation remains extreme by traditional standards. At current prices, Rigetti trades at over 289x revenue, making it one of the most speculative names in the market.
Still, Cantor Fitzgerald’s note reflects a growing belief that quantum computing stocks could follow a similar hype cycle to AI, where early valuations appear stretched but long-term market potential is massive.
What the Market Is Telling Us About Rigetti Stock
The 15% surge in Rigetti Computing stock reflects renewed investor interest following Cantor Fitzgerald’s bullish $15 price target and Overweight rating.
After a long stretch of weak performance and heavy skepticism, the move signals that some on Wall Street still see meaningful upside in Rigetti’s long-term vision.
Rigetti stock has been highly volatile, falling over 25% from its February highs before this week’s rebound.
Cantor’s bullish thesis is built on Rigetti’s early-mover advantage in superconducting quantum hardware, as well as its relationships with U.S. government agencies and enterprise clients.
In a market hungry for the “next AI,” quantum computing remains a high-risk, high-reward sector, and Rigetti is one of the few publicly traded pure plays.
Still, Rigetti continues to burn cash, with no clear timeline for profitability. If commercialization efforts stall or funding dries up, the downside could be steep. Investors chasing the upside will need to stomach extreme volatility and keep expectations grounded.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
