Rigetti Computing, Inc. (RGTI)

NASDAQ: RGTI · IEX Real-Time Price · USD
0.986
-0.034 (-3.29%)
At close: Jun 14, 2024, 4:00 PM
1.000
+0.014 (1.38%)
After-hours: Jun 14, 2024, 7:57 PM EDT
-3.29%
Market Cap 169.58M
Revenue (ttm) 12.86M
Net Income (ttm) -72.53M
Shares Out 171.92M
EPS (ttm) -0.53
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 2,464,972
Open 1.010
Previous Close 1.020
Day's Range 0.980 - 1.020
52-Week Range 0.870 - 3.430
Beta 2.34
Analysts Strong Buy
Price Target 3.17 (+221.37%)
Earnings Date Aug 8, 2024

About RGTI

Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service. It also provides quantum cloud services that provides various range of support in programming, public or private clouds integration, and connectivity, as well as quantum operating system software that supports both p... [Read more]

Sector Technology
Founded 2013
Employees 134
Stock Exchange NASDAQ
Ticker Symbol RGTI
Full Company Profile

Financial Performance

In 2023, RGTI's revenue was $12.01 million, a decrease of -8.35% compared to the previous year's $13.10 million. Losses were -$75.11 million, 5.01% more than in 2022.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for RGTI stock is "Strong Buy." The 12-month stock price forecast is $3.17, which is an increase of 221.37% from the latest price.

Price Target
$3.17
(221.37% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Rigetti Computing Set to Join Russell 3000® Index

BERKELEY, Calif., May 29, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (“Rigetti” or “the Company”) (NASDAQ: RGTI), a pioneer in hybrid quantum-classical computing systems, today announced the Com...

17 days ago - GlobeNewsWire

Rigetti Computing Reports First Quarter 2024 Financial Results

BERKELEY, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financi...

5 weeks ago - GlobeNewsWire

Investors eye these 4 emerging quantum computing stocks for quick profits

Investments going into quantum computing have been on a rise recently especially since artificial intelligence remains the front and centre of all financial debates.  In fact, the United States alone ...

Other symbols: IONQQBTS
5 weeks ago - Invezz

Rigetti Computing to Report First Quarter 2024 Financial Results and Host Conference Call on May 9, 2024

BERKELEY, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will ...

6 weeks ago - GlobeNewsWire

Rigetti Computing Launches the Novera™ QPU Partner Program

The Novera QPU Partner Program aims to enable high-performing, on-premises quantum computing by creating an ecosystem of quantum computing hardware, software, and service providers who build and offer...

7 weeks ago - GlobeNewsWire

Rigetti Computing Delivers Novera™ QPU to Horizon Quantum Computing for Singapore-Based Hardware Testbed

BERKELEY, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announces the sale of a N...

7 weeks ago - GlobeNewsWire

Rigetti and Oxford Instruments Announce Successful Completion of Innovate UK Project to Launch One of the First UK-Based Quantum Computers

LONDON and OXFORD, United Kingdom, April 16, 2024 (GLOBE NEWSWIRE) -- Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in...

2 months ago - GlobeNewsWire

Rigetti Computing Reports Fourth Quarter and Full Year 2023 Results

Deployed the 84-qubit Ankaa™-2 quantum computer, with a 2.5X improvement in error performance compared to the Company's previous QPUs and achieved a 98% median 2-qubit fidelity. Won competition to dev...

3 months ago - GlobeNewsWire

Rigetti Computing to Report Fourth Quarter and Full Year 2023 Financial Results and Host Conference Call on March 14, 2024

BERKELEY, Calif., March 04, 2024 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will ...

3 months ago - GlobeNewsWire

Riverlane and Rigetti Computing Partner with Oak Ridge National Laboratory to Work to Improve HPC-Quantum Integration

CAMBRIDGE, United Kingdom and BERKELEY, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Riverlane, the global leader in quantum error correction technology, and Rigetti (Nasdaq: RGTI), a pioneer in full-sta...

3 months ago - GlobeNewsWire

Rigetti Computing Wins Innovate UK Competition to Deliver a 24-qubit Quantum Computing System to the National Quantum Computing Centre

LONDON, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classica...

4 months ago - GlobeNewsWire

Rigetti Computing Awarded Innovate UK Grant to Develop Quantum Machine Learning Techniques for Financial Data Streams

LONDON, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classica...

5 months ago - GlobeNewsWire

Rigetti Announces Public Availability of Ankaa-2 System with a 2.5x Performance Improvement Compared to Previous QPUs

The Company's 84-qubit Ankaa™-2 system is now publicly available to all of its customers via Rigetti Quantum Cloud Services (QCS™). The Ankaa-2 system has achieved a 98% median 2-qubit fidelity, a 2.5...

5 months ago - GlobeNewsWire

Rigetti Launches the Novera QPU, the Company's First Commercially Available QPU

BERKELEY, Calif., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announced today the launch...

6 months ago - GlobeNewsWire

Rigetti Computing Awarded Phase 2 of DARPA Benchmarking Program

BERKELEY, Calif., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it wa...

7 months ago - GlobeNewsWire

Rigetti Computing Reports Third Quarter 2023 Results

BERKELEY, Calif., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financ...

7 months ago - GlobeNewsWire

Rigetti Computing Awarded Innovate UK Grant to Enhance Quantum Machine Learning Methods for Anti-Money Laundering Detection

LONDON, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classica...

8 months ago - GlobeNewsWire

Rigetti Computing Appoints Thomas J. Iannotti as Chairman of the Board of Directors

BERKELEY, Calif., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it ha...

8 months ago - GlobeNewsWire

Rigetti Computing Awarded DARPA IMPAQT Contract to Advance Quantum Algorithms for Solving Combinatorial Optimization Problems

Rigetti was selected by the Defense Advanced Research Projects Agency (DARPA) to advance the state-of-the-art in quantum algorithms for solving combinatorial optimization problems as part of the Imagi...

9 months ago - GlobeNewsWire

Rigetti Computing Awarded Five-Year Contract with Air Force Research Lab for Quantum Foundry Services

The five-year Indefinite Delivery Indefinite Quantity contract establishes the ability for the Air Force Research Lab (AFRL) to purchase Rigetti's state-of-the-art superconducting qubit fabrication ca...

9 months ago - GlobeNewsWire

Rigetti Computing Reports Second Quarter 2023 Results

BERKELEY, Calif., Aug. 10, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced its financ...

11 months ago - GlobeNewsWire

Rigetti Computing to Report Second Quarter 2023 Financial Results and Host Conference Call on August 10, 2023

BERKELEY, Calif., July 27, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will r...

11 months ago - GlobeNewsWire

Rigetti and ADIA Lab Sign Collaboration Agreement to Develop Quantum Machine Learning Solution for Probability Distribution Classification

Together, Rigetti and ADIA Lab plan to design, build, execute, and optimize a quantum computing solution intended to address the probability distribution classification problem, one of the greatest ch...

11 months ago - GlobeNewsWire

Rigetti Computing Reports First Quarter 2023 Results

Fourth Generation Ankaa-1 Chip Demonstrates Median 2-Qubit Gate Fidelity and Gate Speed Improvements Superior to Aspen M-3 Fourth Generation Ankaa-1 Chip Demonstrates Median 2-Qubit Gate Fidelity and ...

1 year ago - GlobeNewsWire

Rigetti Computing to Report First Quarter 2023 Financial Results and Host Conference Call on May 11, 2023

BERKELEY, Calif., April 27, 2023 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in hybrid quantum-classical computing, announced today that it will ...

1 year ago - GlobeNewsWire