Rigetti Computing, Inc. (RGTI)

NASDAQ: RGTI · IEX Real-Time Price · USD
8.16
-0.71 (-8.00%)
At close: May 24, 2022 4:00 PM
7.99
-0.17 (-2.08%)
After-hours:May 24, 2022 6:37 PM EDT
Market Cap928.78M
Revenue (ttm)10.30M
Net Income (ttm)-47.55M
Shares Out113.82M
EPS (ttm)-1.49
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume322,534
Open8.65
Previous Close8.87
Day's Range7.95 - 8.66
52-Week Range5.41 - 12.75
Betan/a
AnalystsBuy
Price Target19.38 (+137.5%)
Earnings DateMay 16, 2022

About RGTI

Rigetti Computing, Inc. operates as an integrated systems company. The company builds quantum computers and the superconducting quantum processors that power them. Its machines are integrated into various public, private, or hybrid clouds through its Quantum Cloud Services platform. The company was founded in 2013 and is based in Berkeley, California.

IndustryComputer Hardware
Founded2013
Employees160
Stock ExchangeNASDAQ
Ticker SymbolRGTI
Full Company Profile

Financial Performance

In 2021, RGTI's revenue was $8.20 million, an increase of 47.88% compared to the previous year's $5.54 million. Losses were -$38.24 million, 46.4% more than in 2020.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for RGTI stock is "Buy." The 12-month stock price forecast is 19.38, which is an increase of 137.50% from the latest price.

Price Target
$19.38
(137.50% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Rigetti Computing to Present at 17th Annual Needham Technology & Media Conference

BERKELEY, Calif., May 17, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. ("Rigetti" or the "Company") (Nasdaq: RGTI), a pioneer in full-stack quantum-classical computing, announced today that Chad Rig...

1 week ago - GlobeNewsWire

Rigetti Computing Reports First Quarter 2022 Financial Results and Provides Business Update

Rigetti's Fab-1 is located in Silicon Valley and is the world's first dedicated and integrated quantum fab.

1 week ago - GlobeNewsWire

Biden Could Boost Quantum Computing Stocks ARQQ, RGTI, QUBT. Here's Why.

Quantum computing stocks are in the spotlight after President Biden announced an executive order to strengthen quantum computing technology. The post Biden Could Boost Quantum Computing Stocks ARQQ, RGT...

Other symbols:ARQQQUBT
2 weeks ago - InvestorPlace

Rigetti Hires Eric Ostby as Vice President of Product

Berkeley, CA, April 20, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (“Rigetti” or “the Company”) (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing systems, today announced the addition...

1 month ago - GlobeNewsWire

Rigetti Computing Announces COO Leadership Transition

BERKELEY, Calif., April 19, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (“Rigetti” or “the Company”) (NASDAQ: RGTI), a pioneer in hybrid quantum-classical computing systems, today announced that Ta...

1 month ago - GlobeNewsWire

Want to Invest in Quantum Computing? Why RGTI Stock Should Top Your List.

RGTI stock has been hit hard since its SPAC merger, but now could be the optimal time to add this quantum computing stock to your portfolio. The post Want to Invest in Quantum Computing?

1 month ago - InvestorPlace

3 Quantum Computing Stocks to Buy Before They Go Mainstream

These are the best quantum computing stocks to invest in now. GOOGL, HON and RGTI can make great investments.

Other symbols:GOOGLGOOGHON
2 months ago - InvestorPlace

Rigetti Computing Adds Greg Peters as Chief Revenue Officer

Berkeley, Calif., March 21, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (“Rigetti” or “the Company”) (NASDAQ:RGTI), a pioneer in hybrid quantum-classical computing systems, today announced the addi...

2 months ago - GlobeNewsWire

Rigetti Computing Announces Financial Results for Fiscal Year 2021; Delivers 48% Year-over-Year Revenue Growth and Fu...

BERKELEY, Calif., March 10, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in hybrid quantum-classical computing, recently announced its financia...

2 months ago - GlobeNewsWire

Rigetti Computing Announces Closing of Business Combination with Supernova Partners Acquisition Company II, Ltd.; Beg...

BERKELEY, Calif., March 02, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in hybrid quantum-classical computing, and Supernova Partners Acquisition Co...

2 months ago - GlobeNewsWire

Supernova Partners Acquisition Company II, Ltd. Expected to Close Business Combination with Rigetti on March 2, 2022

WASHINGTON , Feb. 24, 2022 /PRNewswire/ -- Supernova Partners Acquisition Company II, Ltd. ("Supernova") (NYSE: SNII), a special purpose acquisition company, today announced that it expects all conditio...

3 months ago - PRNewsWire

SUPERNOVA PARTNERS ACQUISITION COMPANY II, LTD. REQUESTS SHAREHOLDERS VOTE ON BUSINESS COMBINATION WITH RIGETTI COMPU...

WASHINGTON, Feb. 24, 2022 /PRNewswire/ -- Supernova Partners Acquisition Company II, Ltd. ("Supernova") (NYSE: SNII), a special purpose acquisition company, reminds its shareholders to vote in favor of ...

3 months ago - PRNewsWire

Rigetti Computing Announces Michael Harburn as Chief Technical Officer

Berkeley, CA, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Rigetti Holdings, Inc. (“Rigetti Computing”), a pioneer in hybrid quantum-classical computing systems, today announced Michael Harburn, who previously hel...

3 months ago - GlobeNewsWire

Rigetti Computing to Present at the Morgan Stanley Technology, Media & Telecom Conference

BERKELEY, Calif., Feb. 23, 2022 (GLOBE NEWSWIRE) -- Rigetti Holdings, Inc. (“Rigetti”), a pioneer in hybrid quantum-classical computing systems, today announced that Chad Rigetti, founder and CEO of Rig...

3 months ago - GlobeNewsWire

SUPERNOVA PARTNERS ACQUISITION COMPANY II, LTD. ANNOUNCES TRANSFER OF LISTING TO THE NASDAQ CAPITAL MARKET IN CONNECT...

WASHINGTON, Feb. 18, 2022 /PRNewswire/ -- Supernova Partners Acquisition Company II, Ltd. (NYSE: SNII) ("Supernova" or the "Company") announced today that it intends to withdraw its listing of its Class...

3 months ago - PRNewsWire

Rigetti Computing Reports Fidelities as High as 99.5% on Next-Generation Chip Architecture

Berkeley, CA, Feb. 17, 2022 (GLOBE NEWSWIRE) -- Rigetti Holdings, Inc. (“Rigetti”), a pioneer in hybrid quantum-classical computing systems, announced today it has achieved entangling gate fidelities as...

3 months ago - GlobeNewsWire

Rigetti and Ampere Announce Strategic Partnership to Develop Cloud-native Hybrid Quantum-Classical Computers

Optimization of Ampere® Altra® Max processors and Rigetti Quantum Processing Units anticipated to deliver an integrated cloud platform for the $16 billion machine learning market Optimization of Ampere®...

3 months ago - GlobeNewsWire

Rigetti Computing Announces Commercial Availability of 80-Qubit Aspen-M System and Results of CLOPS Speed Tests

BERKELEY, Calif., Feb. 15, 2022 (GLOBE NEWSWIRE) -- Rigetti Holdings, Inc. (“Rigetti”), a pioneer in hybrid quantum-classical computing, today announced the commercial availability of its 80-qubit quant...

3 months ago - GlobeNewsWire

Rigetti and Nasdaq Team-up to Pursue Quantum Advantage for Financial Applications

BERKELEY, Calif., Feb. 15, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, a pioneer in full-stack quantum computing, today announced a collaborative agreement with Nasdaq (Nasdaq:NDAQ) to pursue the develo...

3 months ago - GlobeNewsWire

Rigetti and Zapata Collaborate to Build First Commercial Hybrid Quantum-Classical Compilation Stack for Application D...

Zapata's Orquestra® platform will integrate directly with Rigetti's 80Q Aspen-M Quantum System Zapata's Orquestra® platform will integrate directly with Rigetti's 80Q Aspen-M Quantum System

3 months ago - GlobeNewsWire

SUPERNOVA PARTNERS ACQUISITION COMPANY II, LTD. ANNOUNCES FILING OF DEFINITIVE PROXY STATEMENT AND SETS FEBRUARY 28, ...

WASHINGTON, Feb. 9, 2022 /PRNewswire/ -- Supernova Partners Acquisition Company II, Ltd. ("Supernova") (NYSE: SNII), a special purpose acquisition company, announced today that it has filed a definitive...

3 months ago - PRNewsWire

7 Best Quantum Computing Stocks to Buy in 2022

Besides several pure-play quantum computing stocks going public in 2021, other tech names are also investing in this advanced technology. The post 7 Best Quantum Computing Stocks to Buy in 2022 appeared...

3 months ago - InvestorPlace

Rigetti Computing Names Retired General Peter Pace Chairman of the Board of Directors

Berkeley, Calif., Feb. 03, 2022 (GLOBE NEWSWIRE) -- Rigetti Holdings, Inc. (“Rigetti Computing”), a pioneer in full-stack quantum computing, today announced that it has elected retired Marine General Pe...

3 months ago - GlobeNewsWire

Rigetti Computing Selected to Deliver Technology for Phase 2 of DARPA ONISQ Program

BERKELEY, Calif., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing, a pioneer in hybrid quantum-classical computing systems, announced today it has been selected to deliver hardware, software and ben...

3 months ago - GlobeNewsWire

Rigetti to Present at 24th Annual Needham Growth Conference

BERKELEY, Calif., Jan. 04, 2022 (GLOBE NEWSWIRE) -- Rigetti Computing (“Rigetti” or the “Company”), a pioneer in hybrid quantum-classical computing, today announced that it will participate in the 24th ...

4 months ago - GlobeNewsWire