Rigetti Computing Sees Explosive Growth in Stock Value
Rigetti Computing is making headlines as its stock has skyrocketed by 191% in just a month. This surge follows a relatively calm performance so far in 2025, especially after a notable jump at the end of last year. Over the past year, the company has experienced an astounding increase of 5,494%.
Investment Considerations
So, the question arises: should investors consider selling before a potential downturn? According to Benchmark’s David Williams, who ranks in the top 2% of analysts, there’s still room for growth.
Williams has adjusted his price target for Rigetti from $20 to an impressive $50, suggesting an additional 14% rise in the near future. His recommendation remains a solid Buy.
He remarks that the quantum industry has recently undergone a “sharp reassessment,” driven by rapid innovation, a growing ecosystem, and improved business models. These factors indicate that commercialization might be happening sooner than anticipated.
The sector’s performance has outstripped an optimistic broader market, bolstered by several factors that hint at ongoing momentum. While the individual advancements might not seem ground-breaking, a consistent stream of improvements in hardware sales, customer engagement, and strategic acquisitions has fostered greater investor confidence.
Despite the recent successes, Williams believes there’s still “plenty of room for further benefits” as companies follow their strategic plans, broaden their applications, and seek new business partnerships. Notably, Rigetti has had an uptick in notable announcements, which are fueling positive sentiment.
The standout moment came in mid-July when the company revealed it had achieved significant advancements with the industry’s largest multi-chip quantum computer, reaching 99.5% gate fidelity and halving the error rate.
“We believe that Rigetti’s chiplet approach may prove to be the primary method for scalability, and the enhancement in fidelity is a significant step forward,” said the five-star analyst.
Recently, hardware sales have also shown strong potential. Last week, the company announced a $5.7 million order for two nine-temperature Novera systems set to be delivered in the first half of 2026. One of the systems went to an Asian tech manufacturer aiming to develop expertise in quantum technology, while the other will serve a California-based research facility focusing on applied physics and error correction.
The combination of hardware sales and government grants reflects “increased confidence in our technology roadmap and strategic positioning” in the larger quantum computing landscape. A recent $5.8 million, three-year contract with AFRL was awarded for work on developing quantum interconnects to scale superconducting circuits over fiber optic networks, moving Rigetti closer to modular scalable quantum architectures.
This brings us to the broader market perspective—how does the rest of the investment community view Rigetti’s future? The stock currently holds a Strong Buy consensus rating based on 7 Buy recommendations and 1 Hold. However, the average price target of $26.42 indicates it may be around 40% overvalued. Given this disparity, it will be worth watching for possible price target adjustments or rating downgrades.
