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Rigetti Computing's $11.5M Contracts Boost Stock Amid Losses

10/11/2025

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Summary

Story summary

Rigetti Computing has secured $11.5 million in contracts, including a $5.8 million deal with Air Force Research Laboratory.
The stock rose 9% to $46.96 on optimism about the technology.
Benchmark, an equity research firm, raised Rigetti's price target from $20 to $50.
Despite a 5,000% surge over the year, Rigetti posted $1.8 million in revenue and $19 million in losses.
Analysts caution sustainable profitability may still be years away.

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Story summary

Rigetti Computing has secured $11.5 million in contracts, including a $5.8 million deal with Air Force Research Laboratory.
The stock rose 9% to $46.96 on optimism about the technology.
Benchmark, an equity research firm, raised Rigetti's price target from $20 to $50.
Despite a 5,000% surge over the year, Rigetti posted $1.8 million in revenue and $19 million in losses.
Analysts caution sustainable profitability may still be years away.