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Rigetti Computing ( (RGTI) ) has issued an update.
On June 11, 2025, Rigetti Computing announced the completion of its $350 million at-the-market equity offering program, resulting in approximately $575 million in cash and investments with no debt. The proceeds will be used for working capital, capital expenditures, and potential strategic collaborations, positioning Rigetti to support the commercial scale-up of its superconducting gate-based quantum computers.
The most recent analyst rating on (RGTI) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on Rigetti Computing stock, see the RGTI Stock Forecast page.
Spark’s Take on RGTI Stock
According to Spark, TipRanks’ AI Analyst, RGTI is a Neutral.
Rigetti’s stock score is primarily influenced by strategic partnerships and future growth potential, as highlighted in the earnings call. However, the company’s immediate financial challenges, including declining revenues and profitability issues, weigh heavily. Technical analysis provides moderate support, though the valuation remains unattractive due to ongoing losses.
To see Spark’s full report on RGTI stock, click here.
More about Rigetti Computing
Rigetti Computing is a pioneer in full-stack quantum computing, offering quantum computers over the cloud since 2017 and providing services to global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The company has developed the industry’s first multi-chip quantum processor and operates its own manufacturing facility, Fab-1, for quantum devices.
Average Trading Volume: 49,620,937
Technical Sentiment Signal: Buy
Current Market Cap: $3.29B
Find detailed analytics on RGTI stock on TipRanks’ Stock Analysis page.