Rigetti Computing ( (RGTI) ) has risen by 8.74%. Read on to learn why.
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Trade RGTI with leverageRigetti Computing shares advanced 8.74% over the past week as investors positioned ahead of the company’s March 4 earnings and renewed their interest in quantum-computing names. The move comes despite the stock’s 21% year-to-date decline amid a broader tech pullback and concerns about high valuations. Traders are now betting on elevated volatility around the fourth-quarter 2025 report, with options pricing in a larger-than-usual swing as the company works to turn long-term quantum hopes into tangible financial progress.
Wall Street expects Rigetti Computing to show incremental improvement in its fundamentals, with forecasts calling for a narrower quarterly loss of $0.03 per share and modest revenue growth to $2.33 million. Investors are also watching closely for updates on the firm’s aggressive technology roadmap, including targets for 100+ qubit systems by 2025 and 1,000+ qubits by 2027, as well as commentary on commercial traction after its $8.4 million order from India’s Centre for Development of Advanced Computing for a 108-qubit machine. A recently announced research milestone from Rigetti’s partner Fermilab, which demonstrated progress toward scalable ion-trap quantum systems, has added to optimism about the broader quantum ecosystem.
Analyst sentiment on Rigetti Computing remains mixed but generally constructive, helping support the latest price strength. TD Cowen downgraded the stock on concerns over cash burn, funding needs, and stiff competition from tech giants such as IBM, Alphabet, and Honeywell, as well as from rival quantum architectures. Offsetting that caution, B. Riley upgraded Rigetti to Buy, citing a clearer commercial path and better visibility into 2026 revenue, while the broader Street maintains a Moderate Buy rating with significant upside implied by consensus price targets. Options and skew data also suggest investors are actively hedging but still willing to pay for upside exposure as the next earnings catalyst approaches.