Rigetti Computing (RGTI) Stock Forecast & Price Target

Rigetti Computing Inc. has demonstrated a notable increase in trading volume, up 67% over the past 30 days, reflecting heightened investor interest and engagement in the stock. The company is positioned for substantial revenue growth, particularly in 2026, driven by advancements in quantum computing technology and increased demand from the public sector as quantum advantages become more pronounced. Furthermore, Rigetti has outperformed peers in the quantum computing sector with a 136% increase in share price over the past three months, bolstered by positive news flow and significant capital inflows into quantum-focused investment vehicles.

Rigetti Computing's stock outlook is negatively affected by a significant decline in gross margin, which fell to 20.7% in Q3 from 31.4% in Q2, attributed to low volume and an unfavorable revenue mix. Revenues for Q3 totaled $1.9 million, approximately $0.3 million below expectations, driven by a skew towards less lucrative contracts and delays in government funding, exacerbated by the expiration of the NQIA. Additionally, the uncertainty surrounding the maturation of quantum computing technology raises concerns about the company's ability to meet market demands, which could further impair future valuations and stock performance.