Rigetti Computing (RGTI) has been downgraded to Sell because its extremely high valuation multiples—217 times trailing sales and 141 times forward sales—pose significant risks that outweigh potential gains. Although the company benefits from federal support and has shown strong revenue growth driven by irregular system deliveries, its gross margins and cash flow remain weak, and profitability is still far off. The market has already priced in future growth, and the company faces technical challenges in meeting its goal of 1,000 qubits at 99.9% fidelity within three years. These factors contribute to the cautious outlook despite positive developments.
Rigetti Computing (RGTI) shares are trading at USD 10.86 on Pluang as of Nov 06, 2026 22:51 WIB, showing a strong 1-day gain of 10.25%. Despite this rise, the stock remains closer to its 52-week low of USD 9.85 than its high of USD 34.36. Notably, Pluang order activity heavily favors selling at 89%, indicating cautious investor sentiment amid the stock's volatility.
IonQ's stock dropped 32% in the past month amid a sector-wide decline in quantum computing shares, despite the company posting record revenue growth and securing major deals like a partnership with NVIDIA and a $1.8 billion acquisition of SkyWater Te...
Rigetti Computing's stock dropped about 75% over a year following a downgrade by B. Riley Securities, which cited risks from delayed U.S. government funding and an overvalued price after a 190% rally. Despite some revenue growth and a new government ...
