Rigetti ComputingRGTI
About: Rigetti Computing Inc is engaged in the business of full-stack quantum computing. The company offers full-stack quantum computing platform as a cloud service to a wide range of end-users, directly through its Rigetti QCS platform, and also through cloud service providers. Its proprietary quantum-classical infrastructure provides ultra-low latency integration with public and private clouds for high-performance practical quantum computing. The company has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. Geographically, the company derives the majority of its revenue from the United States.
Employees: 140
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
1,835% more capital invested
Capital invested by funds: $53.7M [Q3] → $1.04B (+$986M) [Q4]
655% more first-time investments, than exits
New positions opened: 151 | Existing positions closed: 20
163% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 19
135% more funds holding
Funds holding: 96 [Q3] → 226 (+130) [Q4]
97% more call options, than puts
Call options by funds: $284M | Put options by funds: $144M
11.53% less ownership
Funds ownership: 35.89% [Q3] → 24.36% (-11.53%) [Q4]
33% less funds holding in top 10
Funds holding in top 10: 3 [Q3] → 2 (-1) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Benchmark David Williams 36% 1-year accuracy 24 / 67 met price target | 51%upside $14 | Buy Reiterated | 6 Mar 2025 |
Needham Quinn Bolton 28% 1-year accuracy 40 / 142 met price target | 84%upside $17 | Buy Reiterated | 6 Mar 2025 |
B. Riley Securities Craig Ellis 22% 1-year accuracy 11 / 51 met price target | 62%upside $15 | Buy Maintained | 14 Feb 2025 |
Financial journalist opinion
Based on 35 articles about RGTI published over the past 30 days
