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Rigetti Computing, Inc. (RGTI) Stock Analysis

Range Bound setup

SellVALUE-TRAP 2/5High Confidence

Technology · Computer Hardware

Sell if holding. Engine safety override at $16.21: Quality below floor (1.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 3.8/10 and A.R:R 4.2:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 15%; Elevated put/call ratio: 5.38; Below-average business quality.

Rigetti Computing is an early-stage quantum computing company designing, manufacturing, and operating superconducting quantum computers, offering cloud access via its QCS platform and selling on-premise Novera QPU systems. Revenue is limited; the company received purchase orders... Read more

$16.21+62.8% A.UpsideScore 3.8/10#14 of 14 Computer Hardware
Stop $15.20Target $26.60(analyst − 13%)A.R:R 4.2:1
Analyst target$30.58+88.6%12 analysts
$26.60our TP
$16.21price
$30.58mean
$43

Sell if holding. Engine safety override at $16.21: Quality below floor (1.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 3.8/10 and A.R:R 4.2:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 15%; Elevated put/call ratio: 5.38; Below-average business quality. Chart setup: RSI 58 mid-range, Bollinger mid-band. Score 3.8/10, high confidence.

Passes 5/7 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear). Fails on weak momentum. Suitability: aggressive.

Thesis

Rewards
No bull case signals
Risks
Quality below floor (1.8 < 4.0)
Value-trap signals (2/5): High leverage (D/E 1.7), Material insider selling (17 sells, 0.06% of cap)

Key Metrics

P/E (TTM)
P/E (Fwd)-88.8
Mkt Cap$5.3B
EV/EBITDA-64.1
Profit Mgn0.0%
ROE-64.3%
Rev Growth-17.9%
Beta1.83
DividendNone
Rating analysts18

Quality Signals

Piotroski F2/9

Options Flow

P/C5.38bearish
IV104%elevated
Max Pain$5-69.2% vs spot

Material Events(8-K, last 90d)

  • 2026-03-20Item 5.02LOW
    H. Gail Sandford notified the Company that she will not stand for re-election to the Board upon completion of her current term expiring at the 2026 Annual Meeting. Decision not due to any disagreement with Company operations, policies, or practices.
    SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer

Rating Breakdown

7 floor-breakers·1 ceiling hit

Revenue shrinking — -17.9% YoY. Growth thesis broken unless recovery story develops.static

Revenue Growth
0.0
Declining revenue: -18%
Low model confidence on this dimension (33%).

Quality below the gate floor. Component breakdown shows what dragged the score down.static

Roe
0.0
Roa
0.0
Net Margin
0.0
Fcf Quality
0.0
Gross Margin
1.8
Piotroski F
2.2
Current Ratio
5.0
Moat
5.0
Cash-burning: FCF -595% of revenueNo competitive moatWeak Piotroski F-Score: 2/9Quality concerns

Momentum below the gate floor. Component breakdown shows what dragged the score down.static

Volume
0.0
Obv
1.0
Macd
1.4
Ma Position
4.2
Rsi
4.5
Volume distribution (falling OBV)Below 200-MA but MA still rising (+2.6%/30d) — pullback in uptrend, not confirmed weakness

Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static

Growth Rank
0.0
Quality Rank
1.0
Value Rank
5.0

No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static

Surprise Avg
0.0
Earnings History
1.1
Erm
5.0
Earnings Timing
5.0
Earnings concerns: 1B/2MEarnings in 11 days

Volatile — 8.4% daily ATR makes tight stops impractical. Position-size conservatively.static

Volatility
0.0
Put Call
0.0
Implied Vol
0.0
Short Interest
2.7
Max Pain Risk
3.0
Beta
3.9
Debt Equity
4.4
Days To Cover
9.1
Elevated put/call: 5.38High IV: 104%Above max pain $5

Technicals below the gate floor. Component breakdown shows what dragged the score down.static

52w Position
0.0
Support Resistance
5.2
Bollinger
5.3
GatesMomentum 2.2<4.5EARNINGS PROXIMITY 11d<=14d (soft)A.R:R 4.2 ≥ 1.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTSEMI CYCLE PEAK CLEARRange BoundSuitability: Aggressive
RSI
58 · Neutral
20D MA 50D MA 200D MADEATH CROSSSupport $12.81Resistance $20.17

Price Targets

$15
$27
A.Upside+64.1%
A.R:R4.2:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Quality below floor (1.8 < 4.0)
! Value-trap signals (2/5): High leverage (D/E 1.7), Material insider selling (17 sells, 0.06% of cap)
! Momentum score 2.2/10 — below 4.5 minimum

Earnings

B
M
M
M
1/4 beats
Next Earnings2026-05-11 (11d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is RGTI stock a buy right now?

Sell if holding. Engine safety override at $16.21: Quality below floor (1.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 3.8/10 and A.R:R 4.2:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 15%; Elevated put/call ratio: 5.38; Below-average business quality. Chart setup: RSI 58 mid-range, Bollinger mid-band. Prior stop was $15.20. Score 3.8/10, high confidence.

What is the RGTI stock price target?

Take-profit target: $26.60 (+62.8% upside). Prior stop was $15.20. Stop-loss: $15.20.

What are the risks of investing in RGTI?

Quality below floor (1.8 < 4.0); Value-trap signals (2/5): High leverage (D/E 1.7), Material insider selling (17 sells, 0.06% of cap).

Is RGTI overvalued or undervalued?

Rigetti Computing, Inc. trades at a P/E of N/A (forward -88.8). TrendMatrix value score: 9.0/10. Verdict: Sell.

What do analysts say about RGTI?

18 analysts cover RGTI with a consensus score of 3.9/5. Average price target: $31.

What does Rigetti Computing, Inc. do?Rigetti Computing is an early-stage quantum computing company designing, manufacturing, and operating superconducting...

Rigetti Computing is an early-stage quantum computing company designing, manufacturing, and operating superconducting quantum computers, offering cloud access via its QCS platform and selling on-premise Novera QPU systems. Revenue is limited; the company received purchase orders for approximately $5.7 million in Novera QPU systems in 2025, while net losses totaled $216.2 million. Rigetti operates Fab-1 in-house and launched its 36-qubit Cepheus-1-36Q modular quantum computer in Q2 2025.

Related stocks: LOGI (Logitech International S.A. - R) · QBTS (D-Wave Quantum Inc.) · IONQ (IonQ, Inc.) · QUBT (Quantum Computing Inc.) · SMCI (Super Micro Computer, Inc.)