Rigetti Computing, Inc. (RGTI) Stock Analysis
Range Bound setup
Technology · Computer Hardware
Sell if holding. Engine safety override at $20.89: Quality below floor (1.9 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.6/10 and A.R:R 1.6:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 19%; Below-average business quality; Negative price momentum.
Rigetti Computing builds and operates superconducting quantum computers, delivering access via its QCS cloud platform and QPU sales. Revenue is primarily from multi-year technology development contracts with government agencies (DARPA, DOE, AFRL, NASA) and commercial partners... Read more
Sell if holding. Engine safety override at $20.89: Quality below floor (1.9 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.6/10 and A.R:R 1.6:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 19%; Below-average business quality; Negative price momentum. Chart setup: RSI 40 mid-range, Bollinger mid-band. Score 5.6/10, moderate confidence.
Passes 7/8 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 57d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: aggressive.
About Rigetti Computing, Inc.
About Rigetti Computing, Inc.
Rigetti Computing operates Fab-1, a proprietary in-house wafer fabrication facility that manufactures superconducting quantum processors, and has offered cloud quantum-computing access since 2017. In January 2026, Rigetti received an $8.4 million purchase order to deliver a 108-qubit system to India's C-DAC. Net losses reached $216.2 million for the year ended December 31, 2025, against an accumulated deficit of $771.0 million, and 121 patents had been issued with 160 pending as of year-end.
Rigetti currently generates the majority of revenues from multi-year technology development contracts with partners including DARPA, the DOE's Fermilab, AFRL, Innovate UK, and India's C-DAC. Hardware revenue is growing as QPU unit sales began in 2023 — two Novera systems were ordered for approximately $5.7 million in 2025 — and the company plans to shift long-term toward QPU sales and cloud QCaaS recurring revenue. A February 2025 Collaboration Agreement with Quanta commits both parties to invest at least $250 million each over five years in quantum computing, with Quanta developing non-QPU components including control systems and dilution refrigerators. The company distributes cloud access through its QCS platform and via Amazon Braket and Microsoft Azure Quantum. Rigetti competes against Google, Microsoft, Amazon, and IBM, each described in the 10-K as large, well-established tech companies that generally compete across its products.
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The quantum computing industry has never sold technology at large-scale commercial levels, and Rigetti competes against Google, Microsoft, Amazon, and IBM with substantially greater financial resources. The 10-K acknowledges Rigetti has missed publicly announced milestones in 2018, 2022, 2023, and 2025, and the company's scalable business model has not been formed as of yet. The 10-K defines quantum advantage as requiring a system with over 1,000 qubits at above 99.9% two-qubit gate fidelity — a threshold the current 36-qubit and 84-qubit production systems are well short of.
See also: Technology · Computer Hardware
From Rigetti Computing, Inc.'s most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-06-17Recent Developments — Rigetti Computing, Inc.
Latest news
- NEWS HPE Partnering With Eight Firms Over Quantum Computing Systems Integration — benzinga Jun 15, 2026 neutral
- NEWS Google Reveals Why It Turned Down Trump Administration's Quantum Funding Deal: 'In This One Specific Case…' — benzinga Jun 12, 2026 neutral
- NEWS Will Quantinuum Lift Other Quantum Stocks — Or Eat Their Lunch? — benzinga Jun 3, 2026 neutral
- NEWS IBM's $10B Quantum Bet And 2029 Target — benzinga Jun 1, 2026 positive
- NEWS HPE Earnings Prediction Market Preview: What Will Antonio Neri Say? — benzinga Jun 1, 2026 neutral
Generated 2026-06-17T09:12:26Z.
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Rating Breakdown
2 floor-breakers·1 ceiling hit
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
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Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $20.89: Quality below floor (1.9 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.6/10 and A.R:R 1.6:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 19%; Below-average business quality; Negative price momentum. Chart setup: RSI 40 mid-range, Bollinger mid-band. Prior stop was $19.20. Score 5.6/10, moderate confidence.
Take-profit target: $25.44 (+23.3% upside). Prior stop was $19.20. Stop-loss: $19.20.
Quality below floor (1.9 < 4.0).
Rigetti Computing, Inc. trades at a P/E of N/A (forward -111.6). TrendMatrix value score: 7.5/10. Verdict: Sell.
19 analysts cover RGTI with a consensus score of 3.8/5. Average price target: $29.
What does Rigetti Computing, Inc. do?Rigetti Computing builds and operates superconducting quantum computers, delivering access via its QCS cloud platform...
Rigetti Computing builds and operates superconducting quantum computers, delivering access via its QCS cloud platform and QPU sales. Revenue is primarily from multi-year technology development contracts with government agencies (DARPA, DOE, AFRL, NASA) and commercial partners including AWS and Microsoft Azure; company carries accumulated deficit of $771M.