Rigetti Computing (RGTI) Stock Today: Price, News and Analyst Reactions on November 19, 2025

Rigetti Computing (NASDAQ: RGTI) remains one of the most volatile names in quantum computing — and November 19, 2025 brought another wave of headlines, analyst opinions and policy-driven excitement for the stock.

As of the latest trade on Wednesday, November 19, Rigetti stock is around $25.46 per share, down roughly 1% on the day, after trading between about $25.1 and $27.2 in a very active session. ^[1] That slight daily dip comes after a breathtaking run: RGTI has rocketed from around $1.30 to over $58 within the past 12 months, before pulling back sharply in recent weeks. ^[2]

At the same time, new coverage today from Motley Fool, Zacks, Seeking Alpha, TipRanks and others paints a mixed picture: some see massive upside, others warn of a looming pullback, and nearly all agree the risk level is extreme. ^[3]

RGTI Stock Price Snapshot for November 19, 2025

Key trading stats for Rigetti Computing today:

Last price: about $25.46 per share ^[4]
Day change: roughly -0.97% vs. yesterday’s close ^[5]
Intraday range: approximately $25.1 – $27.2 ^[6]
Recent volume: more than 40 million shares traded, far above many small-cap tech names. ^[7]
52‑week range: about $1.32 – $58.15 per share, underscoring just how extreme the volatility has become. ^[8]
Market cap: around $8.4 billion at today’s price. ^[9]

For context, Rigetti generated only $1.9 million in revenue in Q3 2025 and about $7–8 million over the last 12 months, meaning the stock trades at an enormous multiple of its current sales. ^[10]

Today’s Big Headlines About RGTI (November 19, 2025)

Here’s how major outlets are framing Rigetti today — and what each angle means.

1. “All It Takes Is $2,500” — the Ultra‑Bullish Upside Story

Motley Fool published an article titled “All It Takes Is $2,500 Invested in This Quantum Stock”, arguing that a relatively small stake in RGTI could grow dramatically if Wall Street’s most optimistic forecasts prove correct. ^[11]

Key takeaways from that bullish piece:

The author notes that Rigetti trades around $25 today, and highlights analyst targets that run up to $51 per share, implying a potential near‑term double if everything goes right. ^[12]
Based on those projections, the article plays out a scenario where $2,500 could become $5,000 within a year, and possibly $10,000 over a few years if the stock keeps doubling. ^[13]
The author also acknowledges that Rigetti is entirely unprofitable, with only single‑digit millions in annual revenue despite a multi‑billion‑dollar valuation. ^[14]

In other words, this camp sees Rigetti as a moonshot: very expensive today, but potentially life‑changing if the quantum thesis plays out.

2. “Sell Before It Falls 20%” — Analyst Downgrade and a Bearish View

In sharp contrast, another Motley Fool article that hit today — “1 Popular Quantum Computing Stock to Sell Before It Falls 20%, According to a Wall Street Analyst” — highlights a $20 price target from analyst Richard Shannon at Craig‑Hallum, below today’s ~$25 level. ^[15]

Highlights from that bearish angle:

The analyst’s $20 target implies roughly 20% downside from current prices. ^[16]
The article stresses that Rigetti’s share price has surged about 1,800% over the last year, a meteoric rise many view as detached from near‑term fundamentals. ^[17]
It points to intense competition from other quantum players and more diversified tech giants as reasons to be cautious. ^[18]

This piece essentially warns that, after such a parabolic move, some investors may want to take profits rather than assume the rally will continue uninterrupted.

3. “Plunges 41% in a Month” — Zacks Puts the Pullback in Perspective

A Zacks analysis syndicated via Nasdaq — “RGTI Stock Plunges 41% in a Month: Should Investors Hold or Fold?”— focuses on the brutal pullback Rigetti has suffered since early October. ^[19]

Key points:

RGTI has dropped around 40–41% over the last month, making it one of the hardest‑hit names in the quantum group. ^[20]
Rivals D‑Wave (QBTS) and Quantum Computing Inc. (QUBT) are also down sharply, but Rigetti’s decline is steeper than most peers. ^[21]
Zacks notes that 2025 revenue is expected to fall about 23.8% year over year, and earnings per share are projected to remain deeply negative. ^[22]

Even so, the article stops short of an outright “sell,” emphasising that government contracts, partnerships and a clear hardware roadmap still give Rigetti a differentiated long‑term story — but one that may require a patient, high‑risk tolerance. ^[23]

4. “Revenue Miss Doesn’t Matter” — Focus on the $600 Million Cash Pile

Another Motley Fool piece — “Why Rigetti’s Revenue Miss Doesn’t Matter, and the $600 Million Cash Pile Does”— zeroes in on Rigetti’s finances following Q3 earnings. ^[24]

Key themes:

Q3 2025 revenue came in at $1.9 million, missing analyst expectations of roughly $2.2 million and falling about 18–21% year over year. ^[25]
However, the article argues this miss is largely irrelevant because Rigetti is still in the very early stages of commercialisation.
Instead, it highlights Rigetti’s $600 million in cash, cash equivalents and short‑term investments as of November 6, 2025, boosted by recent warrant exercises and equity raises. ^[26]
On a GAAP basis, Rigetti posted a net loss of about $201 million in Q3, but most of that was due to changes in the value of derivative warrant liabilities. The non‑GAAP net loss was roughly $10.7 million, a far smaller figure. ^[27]
The company plans to use that cash to drive an aggressive roadmap: a 150+‑qubit system with ~99.7% median two‑qubit gate fidelity around 2026, and a 1,000+‑qubit system targeting ~99.8% fidelity by around 2027. ^[28]

The takeaway: in this view, Rigetti is less about today’s revenue and more about whether its technology — funded by that substantial cash pile — can deliver breakthroughs before money runs low.

5. “Quantum Infrastructure Cornerstone” — Long‑Term Bull Thesis

A Seeking Alpha article titled “Rigetti: Quantum Infrastructure Cornerstone in the Making” leans into the idea that Rigetti could become a foundational player in quantum infrastructure if it executes on its roadmap. ^[29]

From the available summary:

The author emphasises Rigetti’s multi‑year cash runway and structured scaling plan as key positives. ^[30]
It also highlights the company’s focus on superconducting quantum chips, its in‑house fabrication capability (Fab‑1), and cloud‑accessible quantum systems. ^[31]

This is essentially the “quantum picks‑and‑shovels” argument: even if the path is bumpy, Rigetti could be building critical infrastructure for the emerging industry.

6. Sector Tailwind: U.S. “Quantum First” Strategy Lifts RGTI and Peers

Beyond company‑specific coverage, several articles today spotlight a U.S. commission calling for a “Quantum First” strategy, which pushed RGTI, IonQ (IONQ) and Quantum Computing Inc. (QUBT) higher earlier in the session. ^[32]

TipRanks’ pieces “RGTI, IONQ, QUBT Stocks Surge After U.S. Panel Pushes ‘Quantum First’ Goal” and “Why Quantum Stocks RGTI, IONQ, and QUBT Are Soaring Today” describe:

A policy recommendation from a U.S. advisory body urging the country to prioritise quantum technologies in its long‑term strategy.
Investor expectations that such a stance could translate into more funding, government contracts and strategic support for pure‑play quantum firms like Rigetti. ^[33]

While these headlines helped support sentiment early in the day, RGTI ultimately finished slightly lower, underscoring how quickly traders lock in profits after big runs.

Fundamentals Behind the Hype: What Q3 2025 Told Us

To understand today’s debate, it helps to step back and look at Rigetti’s latest reported fundamentals.

Revenue, Losses and Cash

From the company’s Q3 2025 filings and press‑release summary:

Revenue: About $1.9 million for Q3 2025, down roughly 18–21% year over year. ^[34]
GAAP net loss: Approximately $201 million in the quarter, driven largely by non‑cash mark‑to‑market on warrants and earn‑out liabilities. ^[35]
Non‑GAAP net loss: Around $10.7 million for Q3, with non‑GAAP loss per share about $0.03. ^[36]
Cash and investments: About $600 million in cash, cash equivalents and available‑for‑sale securities as of November 6, 2025, boosted by ATM offerings, a Quanta private placement and warrant exercises. ^[37]
Shares outstanding: Roughly 330 million common shares as of early November. ^[38]

That cash balance is unusually large relative to current revenue, and it is at the center of almost every bullish piece published today.

Technology Roadmap and Partnerships

Alongside earnings, Rigetti laid out a detailed roadmap and highlighted several partnerships: ^[39]

Targeting >150‑qubit system around 2026 with ~99.7% median two‑qubit gate fidelity.
Aiming for a 1,000+‑qubit system by roughly 2027, with ~99.8% gate fidelity.
Purchase orders for two quantum systems totaling around $5.7 million, scheduled for delivery in the first half of 2026 — more than this year’s revenue so far. ^[40]
A $5.8 million contract with the U.S. Air Force Research Lab (AFRL) in collaboration with QphoX to advance superconducting quantum networking. ^[41]
Expanded ecosystem relationships with NVIDIA (through NVQLink), India’s C‑DAC, and Montana State University, plus plans to open an Italian subsidiary. ^[42]

These details support the narrative that Rigetti’s technical trajectory and partnerships are ahead of its revenue curve— which is exactly why the stock is so polarising.

Why RGTI Is So Volatile Right Now

Putting today’s news in context, several forces are driving Rigetti’s extreme moves:

Massive Re‑Rating in 2025
- Various analyses estimate that RGTI stock is up roughly 4,000–5,000% over the last year, after starting 2025 near penny‑stock levels. TechStock²+2TechStock²+2
- Such parabolic moves tend to be followed by violent pullbacks as traders take profits and valuations get re‑examined.
Valuation vs. Fundamentals
- At roughly $8.4 billion in market cap on less than $10 million in annual revenue and ongoing losses, Rigetti trades at a huge multiple of sales. ^[43]
- Zacks notes that the stock screens as very expensive on metrics like price‑to‑book, with a Value Score of “F.” ^[44]
Dueling Analyst Views
- Some data providers put the average 12‑month price target for RGTI around $40–41, with a high of $51, and categorise the consensus as “Strong Buy.” ^[45]
- At the same time, Craig‑Hallum’s $20 target and today’s “sell before it falls 20%” commentary underscore that not everyone thinks current prices are sustainable. ^[46]
Government and Policy Catalysts
- The new “Quantum First” recommendation from a U.S. commission is a sector‑wide tailwind, fuelling speculative flows into names like RGTI, IONQ and QUBT. ^[47]
- But these policy headlines do not immediately translate into recurring commercial revenue, which is why the stock can jump on the news — and then fade.
Fierce Competition in Quantum Computing
- Rigetti competes not just with other specialists like IonQ, D‑Wave and QUBT, but also with giants such as Alphabet (Google Quantum AI), IBM, Amazon and Microsoft, many of whom are also supporting superconducting or alternative quantum architectures. ^[48]

All of this makes Rigetti a textbook high‑beta, sentiment‑driven stock: moves can be dramatic in both directions on relatively modest news.

What Investors Are Watching After Today

Based on today’s coverage and recent filings, here are the key themes market participants are tracking:

Cash Runway vs. Burn: With $600 million in cash and a non‑GAAP quarterly loss in the low‑eight‑figure range, investors will watch how quickly that war chest shrinks as Rigetti scales its hardware and staff. ^[49]
System Deliveries and Revenue Ramp: The two 9‑qubit system orders worth $5.7 million are early tests of Rigetti’s ability to convert technology into product revenue. Successful delivery in 2026 could materially shift the revenue base. ^[50]
Roadmap Milestones: Investors will look for proof that Rigetti can actually hit the 150‑qubit and 1,000‑qubit milestones on time and with the promised fidelity targets. ^[51]
Government and Enterprise Contracts: Further awards from agencies like AFRL or collaborations with major cloud and AI companies could validate the long‑term thesis and support the valuation. ^[52]
Broader Quantum Sentiment: As we saw today, sector news — such as national policy initiatives, breakthroughs from IonQ or D‑Wave, or big‑tech quantum announcements — can move RGTI even when the company itself issues no new press release. ^[53]

Risk Reminder

Nothing in today’s news — bullish or bearish — changes one core fact: Rigetti Computing remains a highly speculative stock.

The company is loss‑making, with minimal current revenue and large, ongoing R&D costs. ^[54]
Its valuation already bakes in significant expectations about future dominance in a field where the winning technology and players are still uncertain. ^[55]
Share price swings of 20–40% in a month — in either direction — have become normal rather than exceptional. ^[56]

Anyone considering RGTI should carefully weigh their risk tolerance, time horizon and diversification. This article is for information and news summarisation only and does not constitute investment advice or a recommendation to buy or sell any security.

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