Back to today’s briefing

Story perspectives

Rigetti Computing Soars 470% Despite Revenue Drop

1/5/2025

27 5

Summary

Story summary

Rigetti Computing (NASDAQ:RGTI) has skyrocketed 470% in just a month, capturing the attention of investors amid mixed market sentiments. Despite a 23% drop in Q3 revenue to $2.4 million and ongoing losses, analysts foresee promising growth ahead, though they warn of its lofty valuation and hefty R&D expenses. The stock currently trades at $18.95.

1 of 1

Story summary

Rigetti Computing (NASDAQ:RGTI) has skyrocketed 470% in just a month, capturing the attention of investors amid mixed market sentiments. Despite a 23% drop in Q3 revenue to $2.4 million and ongoing losses, analysts foresee promising growth ahead, though they warn of its lofty valuation and hefty R&D expenses. The stock currently trades at $18.95.