Rigetti Computing stock closed 2025 with significant gains, rising 45.2% for the year. According to S&P Global Market Intelligence data, this performance outpaced the S&P 500's 16.4% gain and the Nasdaq Composite's 20.4% increase.
The stock faced a sell-off early in the year following comments from Nvidia CEO Jensen Huang about quantum computing commercialization timelines. It later recovered as Huang's outlook became more optimistic.
In September, Rigetti signed a three-year, $5.8 million contract with the Air Force Research Laboratory. The company is collaborating with Dutch quantum-tech start-up QphoX to research and develop quantum networking technologies.
The following month, Rigetti announced a collaboration with Nvidia to support its NVQLink platform for integrating AI supercomputers and quantum technology. This news caused the stock to surge, though it lost ground in November and December amid sell-offs in high-risk AI and quantum stocks.
Early in 2026, Rigetti stock has continued to rise, gaining 15.7% so far, compared to the S&P 500's 1.4% and the Nasdaq Composite's 1.2% gains. Quantum stocks have shown strong bullish momentum this year.
On January 14, Rosenblatt initiated coverage on Rigetti with a buy rating. Lead analyst John McPeake set a one-year price target of $40 per share, citing the company's qubit scaling approach, internal fabrication capabilities, and partnerships for quantum error correction. This target suggests 56% upside potential from current levels.
Rigetti reported sales of $5.22 million in the first three quarters of 2025, down from $8.52 million in the same period of 2024. Investors and analysts anticipate sales growth in 2026 and beyond, though commercialization may remain uneven.