Rigetti Computing Is Trading Under $15: Is Now the Time to Buy?
Rigetti Computing currently trades under $15 per share, drawing attention from investors tracking the quantum computing sector. As a pure-play firm in this early-stage industry, the company maintains a unique position through its vertical integration of chip fabrication, architecture, and cloud infrastructure.
Financial reports show the firm generated $4.4 million in revenue for the first quarter of 2026, an increase from $1.7 million during the same period last year. While the business carries no debt and maintains a cash position of $569 million, it reported an adjusted net loss of $14.7 million for the quarter. These metrics highlight the speculative nature of the industry where commercial adoption remains years away.
Industry projections suggest the quantum market will grow to $4.4 billion by 2028. However, Rigetti faces competition from well-funded technology corporations like IBM, Alphabet, and Microsoft. These large incumbents possess the resources to dominate the space, creating a risk for smaller, specialized entrants.
Rigetti stock experienced significant volatility earlier this year, rising above $27 following a $100 million letter of intent with the U.S. Department of Commerce. The stock has since retreated to lower levels, reflecting broader market fluctuations. Analysts maintain a median price target of $30.50 per share, though potential investors should account for the long time horizon required for the technology to mature.