Rigetti Computing (RGTI) Dips in Volatile Session, But Analyst Targets Point to Significant Upside Potential
NEW YORK – Shares of Rigetti Computing, Inc. (RGTI), a key player in the pioneering field of quantum computing, experienced a pullback in a volatile morning session. However, despite the short-term dip, the underlying analyst outlook suggests a bright future, with price targets indicating substantial room for growth.
As of 10:47 AM EDT, Rigetti stock was trading at $12.98, down $0.10 or 0.76% for the day. The stock opened at $12.91, below its previous close of $13.08, and has fluctuated within a range of $12.86 to $13.20. This price action highlights the inherent volatility in cutting-edge technology sectors, where investor sentiment can shift rapidly.
A Story of Long-Term Potential
While the daily chart shows a downward trend, a wider lens reveals a more optimistic picture for RGTI. The most compelling piece of data for investors is the 1-year analyst target estimate of $14.80. This consensus forecast sits more than 13% above the current trading price, signaling a strong belief from Wall Street experts in the company’s long-term value proposition and its potential to overcome near-term market pressures.
Rigetti Computing, with its intraday market capitalization of $4.197 billion, is positioning itself as a leader in the race to build powerful quantum computers. Investing in such a revolutionary technology often comes with volatility, as evidenced by the stock’s wide 52-week range of $0.66 to $21.42. The journey for early investors has been dynamic, but the potential rewards align with the transformative nature of the quantum industry.
Understanding the Financials
Currently, Rigetti reflects the profile of a pre-profitability, high-growth company. The negative Earnings Per Share (EPS) of -$0.80 and the absence of a P/E ratio are typical for companies heavily investing in research and development to build a technology that could redefine industries. Like many innovators, Rigetti does not pay a dividend, instead funneling capital back into its core mission.
Investors will be keenly awaiting the company’s next earnings report, scheduled for August 7, 2025, for updates on its technological milestones and commercialization strategy. For now, the contrast between the stock’s daily fluctuation and its bullish analyst targets creates a compelling narrative. The current price level may represent an attractive entry point for investors who share the analysts’ long-term vision for Rigetti’s role in the future of computing.
Frequently Asked Questions (FAQ) about Rigetti Computing (RGTI) Stock
1. What is the current stock price for Rigetti Computing (RGTI) from the image?
As of 10:47:45 AM EDT, the stock price for Rigetti Computing is $12.98.
2. How did the RGTI stock perform in morning trading?
The stock was down, having lost $0.10, which represents a decline of -0.76%.
3. What was the previous closing price for Rigetti?
The previous day’s closing price for RGTI was $13.08.
4. What has been the trading range for RGTI stock today?
The day’s trading range has been between $12.86 and $13.20.
5. What is the 52-week high and low for Rigetti stock?
Over the past 52 weeks, Rigetti’s stock has seen a very wide range, from a low of 21.42.
6. What is Rigetti’s current market capitalization?
Rigetti’s intraday market capitalization is approximately $4.197 billion.
7. Is Rigetti Computing currently profitable?
Based on the data, Rigetti is not currently profitable on a trailing twelve-month (TTM) basis. It has a negative EPS (TTM) of -$0.80 and no P/E ratio listed.
8. What is the 1-year analyst target estimate for RGTI stock?
The 1-year analyst price target for Rigetti is $14.80, which is significantly higher than its current trading price.
9. When is Rigetti’s next earnings report?
The next earnings date for Rigetti Computing is scheduled for August 7, 2025.
10. Does Rigetti Computing pay a dividend?
No, the provided data shows that RGTI does not pay a forward dividend.
11. What does a Beta of 1.51 mean for RGTI stock?
A Beta of 1.51 indicates that RGTI stock is 51% more volatile than the overall stock market. It tends to experience larger price swings in both directions compared to a broad market index.
12. What is the trading volume for RGTI?
The volume of shares traded so far in the session was 16,811,936. This is compared to an average volume of 48,847,955, suggesting that trading activity is somewhat lighter than usual at this point in the day.
