Latest news with #TroyJensen


Business Insider
07-07-2025
- Business
- Business Insider
Analysts Say Buy IonQ Stock, but Is Any Upside Really Left?
IonQ (NYSE:IONQ) stands at the leading edge of quantum computing innovation, driven by a mission to tackle some of the world's most complex problems. Leveraging advanced trapped-ion technology –renowned for its high-fidelity operations and exceptional stability – IonQ is working to deliver highly accurate quantum processing with minimal errors. The company's vision extends to enabling secure quantum communication across a wide range of platforms, from satellites and ground stations to telecom networks and even battlefield drones. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Although full-scale quantum capabilities are still years away, the tech has already attracted significant investor interest and plenty of that interest has been pointed at IONQ's direction; to wit, the shares have generated returns of 519% over the past year. This bullish sentiment is echoed by Cantor analyst Troy Jensen, who acknowledges that IonQ is still in the 'very early innings of commercializing its technology' but sees ample reason for the enthusiasm. Jensen believes the company could capture 20% of the quantum hardware, software, and services market by 2035, translating to $1.5 billion in sales within a decade. Much of Jensen's confidence is rooted in IonQ's distinct approach to quantum computing. Unlike companies focused on superconducting or photonic systems, IonQ uses individual atomic ions as qubits, which enables greater stability and precision. Its vertically integrated technology stack spans everything from chip design and production to cloud access via platforms like Amazon Braket, Microsoft Azure, and IonQ Cloud. 'This gives IonQ end-to-end control of its technology and provides faster feedback loops for R&D. Its unique architecture also allows programmability and modular scalability, critical for achieving near-term commercial advantage. IonQ's ability to fabricate room-temperature systems also eliminates the need for expensive cryogenic infrastructure,' Jensen explained. Meanwhile, IonQ is shifting from R&D to generating real revenue, with 'accelerating traction.' In April, it secured a $22 million system sale to EPB to create the first U.S. quantum computing and networking hub. Its Forte Enterprise system is already deployed in data centers across the U.S. and Europe. There are also Partnerships with Toyota Tsusho, Ansys, and General Dynamics, extending its presence into the automotive, simulation, and defense sectors. Furthermore, collaborations with DARPA, AFRL, and Abu Dhabi's Quantum Research Center 'demonstrate IonQ's credibility in national security and frontier research.' IonQ's ambitions don't stop at quantum computing. The company is making major investments in quantum networking, which it views as a crucial second business vertical. Through acquisitions of companies like ID Quantique (completed) and Lightsynq Technologies (pending), IonQ has gained key intellectual property and expertise in quantum memory, repeaters, and photonic interconnects – all vital components for building a quantum internet and linking quantum computers across data centers. As a result, IonQ is now among the select few with 'commercial momentum in both quantum computing and quantum-safe networking.' Crucially, IonQ has the financial strength to back these ambitions. By the end of Q1, it held nearly $700 million in cash and equivalents, bolstered by a recent $373 million equity offering. 'The capital enables the company to aggressively invest in product development, global expansion, and strategic M&A (i.e., Lightsynq & Oxford Ionics),' Jensen said. Given this array of strengths – from technology and partnerships to financial firepower – it's no surprise that Jensen initiated coverage of IONQ with an Overweight (i.e., Buy) rating. What is surprising, however, is that his $45 price target implies only a modest 1% upside from current levels. (To watch Jensen's track record, click here) All told, IonQ's rapid share appreciation has left analysts hustling to keep pace. The current $43.33 average price target points to a minor pullback, yet the Strong Buy consensus, based on 5 Buys and 1 Hold, underscores that most on Wall Street remain solidly bullish. It will be interesting to see whether the analysts raise price targets or downgrade their ratings over the coming months. (See IONQ stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
05-07-2025
- Business
- Yahoo
D-Wave and Rigetti: Cantor Chooses the Best Quantum Computing Stocks to Buy
Not every generation witnesses the birth of a truly game-changing technology, but today's breakthroughs in quantum computing are handing us a front-row seat to history. Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Put simply, quantum computing brings the power of superpositioning to the world of computers. Where traditional computers operate in binary, with any given byte of data represented by a 1 or a 0, on or off, quantum computing uses qubits, quantum bits, to hold data. And qubits, following the principles of quantum physics, can exist in multiple states simultaneously. This fundamental difference is what sets quantum computing apart, enabling quantum machines to run at far higher speeds and tackle far larger data volumes than traditional computers. In fact, quantum computers are capable of solving problems so complex that even the most advanced 'classical' supercomputers would struggle. Analyst Troy Jensen from Cantor has summed up the broader investment outlook for this breakthrough technology, noting: 'Quantum computing is in its infancy, but remains one of the most highly coveted technical milestones with significant economic implications. While we are likely years away from full-scale quantum capabilities, the technology has already captured the interest of investors… The quantum computing sector remains in an early growth phase, with valuation multiples still based on potential rather than current financial performance. As commercial applications scale beyond research partnerships and into enterprise adoption, investor confidence is expected to grow, leading to more stable stock performance for leading players.' Reflecting this perspective, Jensen has singled out D-Wave (NYSE:QBTS) and Rigetti (NASDAQ:RGTI) as some of the most promising quantum computing stocks to buy at the moment. And he's not alone — TipRanks data shows the analyst community has assigned both companies a Strong Buy rating. Let's take a closer look to find out what makes them stand out. D-Wave Quantum The first quantum computing stock we'll look at is D-Wave, one of the sector's leaders. This company hails from Palo Alto, in the heart of California's Silicon Valley, where it was founded in 1999. D-Wave has developed both hardware and software systems for quantum computing, as well as the cloud services, app development tools, and professional support services necessary to provide 'end-to-end' quantum computing. The company boasts that it was the world's first supplier of quantum computers, putting the new technology on the map and in real-world use. D-Wave's systems can claim an impressive 99.9% availability, and the company can provide quantum computing to its customers via the cloud or 'on premises.' In an important announcement, showing the rapid advancements in the field, D-Wave released its latest quantum computing system for general availability this past May. The system, the Advantage2, is a sixth-generation quantum computer with a proven ability to solve complex computational problems that are beyond the reach of current, 'classical' computer technology. The Advantage2 uses D-Wave's most advanced quantum processor, and the company has built the system to commercial-grade, optimizing it to address real-world computing needs such as AI. In its 25-plus years of operation, D-Wave has built itself into a $4.6 billion company, with some 200 employees at work bringing quantum computing from the drafting tables to the real world. The company's teams are composed of experts in a wide range of fields, including physics, cloud computing infrastructure, processor development, and even chip fabrication. The company takes care to protect its intellectual property, and has been granted more than 250 US patents. Turning to the company's financial results, we find that D-Wave reported a strong increase in revenue during 1Q25, its last reported period. The top line in that quarter came to $15 million, up an impressive 507% year-over-year, beating the forecast by $4.5 million, and coming in at a company record. D-Wave's GAAP EPS for the quarter came to a loss of 2 cents per share – but we should note that this figure was 3 cents per share better than had been expected. The company finished Q1 with a record quarter-end cash balance, reported as $304.3 million. Checking in with Cantor analyst Troy Jensen, we find him upbeat on D-Wave's leading position as a supplier of commercial-grade quantum computing. Jensen also notes the company's sound cash position, and in summing up his stance writes, 'D-Wave presents a differentiated opportunity in the quantum computing landscape as the only public company delivering commercially deployed quantum systems with near-term revenue visibility. With a defensible position in Annealing-based quantum optimization, expanding enterprise use-cases, and with over $300 million cash in its balance sheet, D-Wave offers a compelling mix of de-risked technology, maturing go-to-market executing, and asymmetric upside as quantum adoption accelerates across government, automotive, logistics, and research sectors.' The analyst goes on to put an Overweight (i.e., Buy) rating on the stock, and his $20 price target points toward a one-year upside potential of 25%. (To watch Jensen's track record, click here) The Strong Buy consensus rating here is unanimous, based on 6 recent positive analyst reviews. The shares are priced at $15.98, and their $17.33 average price target implies an 8.5% gain for the next 12 months. (See QBTS stock forecast) Rigetti Computing Next on our list is Rigetti Computing, another leader in the space. The company has created a basic architecture for an advanced quantum computer system, based on a supercooling dilution refrigeration system designed to generate temperatures as low as one-hundredth of a degree Kelvin. That level of cooling is needed to support Rigetti's QPUs, or quantum processor units; these are the quantum integrated circuits which form the base of Rigetti's quantum computing technology. Because Rigetti involves itself in every aspect of designing and building out its quantum computers, the company is able to custom-create machines to fit any customer's design specs and scale. In an important feature, Rigetti also provides quantum cloud services, a hybrid service of quantum and classical computing offered via the cloud – giving customers access to quantum computing who may not need a whole quantum device in-house. Rigetti's system can support ultra-low-latency connections and forms the hybrid by linking high-performance classical computers to its quantum cloud. Rigetti's most powerful quantum computer is its Ankaa-3 system, which was deployed in December of last year and can handle more than 80 qubits of processing power. The company has also developed and made available a smaller, 9-qubit system derived from the Ankaa-3. This system, Novera, is intended to make quantum computing available on a smaller scale, allowing a wider range of customers to access the new technology's high computing performance. On the financial side, Rigetti's 1Q25 results showed that the company is clearly still in development stages. Rigetti's revenue for the quarter came to $1.5 million, missing the forecast by over $1 million, while the company's operating expenses came to $22.1 million. The company's operating loss in Q1 was reported as $21.6 million. At the same time, the company has achieved some important business developments recently. During Q1, Rigetti was chosen to participate in a DARPA quantum benchmarking initiative, and more recently, in May, the company announced that it will participate in an international collaboration with QphoX and NQCC on a multi-channel optical readout for quantum processors. Rigetti's strengths in scaling its quantum technology and its successes in entering strategic R&D partnerships caught the attention of Cantor's analyst. Jensen writes of Rigetti and its prospects, 'Rigetti Computing is a vertically-integrated superconducting quantum company advancing toward scalable, fault-tolerant systems through its proprietary modular chip architecture, and leading gate fidelities. With strategic backing from Quanta Computer–including a $250 million co-development agreement and joint IP ownership–we think Rigetti is well-capitalized to execute its roadmap, including a >100-qubit system by end-2025. The company's diversified go-to-market approach spans cloud services, on-premise deployments, and long-term government-funded R&D with partners like DARPA, NASA, and the UK's NQCC. This combination of technical progress, strategic capital, and commercial traction positions Rigetti to compete for early quantum advantage and sustained leadership in the quantum industry.' Quantifying his stance, Jensen rates RGTI shares as Overweight (i.e., Buy), and he complements that with a $15 price target, implying a one-year gain for the stock of 15%. These shares have 6 positive reviews on file, for a unanimous Strong Buy consensus rating from the Street. The stock is priced at $13.08, and its average target price is $15, matching the Cantor view. (See RGTI stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Disclaimer & DisclosureReport an Issue
Yahoo
05-07-2025
- Business
- Yahoo
D-Wave and Rigetti: Cantor Chooses the Best Quantum Computing Stocks to Buy
Not every generation witnesses the birth of a truly game-changing technology, but today's breakthroughs in quantum computing are handing us a front-row seat to history. Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Put simply, quantum computing brings the power of superpositioning to the world of computers. Where traditional computers operate in binary, with any given byte of data represented by a 1 or a 0, on or off, quantum computing uses qubits, quantum bits, to hold data. And qubits, following the principles of quantum physics, can exist in multiple states simultaneously. This fundamental difference is what sets quantum computing apart, enabling quantum machines to run at far higher speeds and tackle far larger data volumes than traditional computers. In fact, quantum computers are capable of solving problems so complex that even the most advanced 'classical' supercomputers would struggle. Analyst Troy Jensen from Cantor has summed up the broader investment outlook for this breakthrough technology, noting: 'Quantum computing is in its infancy, but remains one of the most highly coveted technical milestones with significant economic implications. While we are likely years away from full-scale quantum capabilities, the technology has already captured the interest of investors… The quantum computing sector remains in an early growth phase, with valuation multiples still based on potential rather than current financial performance. As commercial applications scale beyond research partnerships and into enterprise adoption, investor confidence is expected to grow, leading to more stable stock performance for leading players.' Reflecting this perspective, Jensen has singled out D-Wave (NYSE:QBTS) and Rigetti (NASDAQ:RGTI) as some of the most promising quantum computing stocks to buy at the moment. And he's not alone — TipRanks data shows the analyst community has assigned both companies a Strong Buy rating. Let's take a closer look to find out what makes them stand out. D-Wave Quantum The first quantum computing stock we'll look at is D-Wave, one of the sector's leaders. This company hails from Palo Alto, in the heart of California's Silicon Valley, where it was founded in 1999. D-Wave has developed both hardware and software systems for quantum computing, as well as the cloud services, app development tools, and professional support services necessary to provide 'end-to-end' quantum computing. The company boasts that it was the world's first supplier of quantum computers, putting the new technology on the map and in real-world use. D-Wave's systems can claim an impressive 99.9% availability, and the company can provide quantum computing to its customers via the cloud or 'on premises.' In an important announcement, showing the rapid advancements in the field, D-Wave released its latest quantum computing system for general availability this past May. The system, the Advantage2, is a sixth-generation quantum computer with a proven ability to solve complex computational problems that are beyond the reach of current, 'classical' computer technology. The Advantage2 uses D-Wave's most advanced quantum processor, and the company has built the system to commercial-grade, optimizing it to address real-world computing needs such as AI. In its 25-plus years of operation, D-Wave has built itself into a $4.6 billion company, with some 200 employees at work bringing quantum computing from the drafting tables to the real world. The company's teams are composed of experts in a wide range of fields, including physics, cloud computing infrastructure, processor development, and even chip fabrication. The company takes care to protect its intellectual property, and has been granted more than 250 US patents. Turning to the company's financial results, we find that D-Wave reported a strong increase in revenue during 1Q25, its last reported period. The top line in that quarter came to $15 million, up an impressive 507% year-over-year, beating the forecast by $4.5 million, and coming in at a company record. D-Wave's GAAP EPS for the quarter came to a loss of 2 cents per share – but we should note that this figure was 3 cents per share better than had been expected. The company finished Q1 with a record quarter-end cash balance, reported as $304.3 million. Checking in with Cantor analyst Troy Jensen, we find him upbeat on D-Wave's leading position as a supplier of commercial-grade quantum computing. Jensen also notes the company's sound cash position, and in summing up his stance writes, 'D-Wave presents a differentiated opportunity in the quantum computing landscape as the only public company delivering commercially deployed quantum systems with near-term revenue visibility. With a defensible position in Annealing-based quantum optimization, expanding enterprise use-cases, and with over $300 million cash in its balance sheet, D-Wave offers a compelling mix of de-risked technology, maturing go-to-market executing, and asymmetric upside as quantum adoption accelerates across government, automotive, logistics, and research sectors.' The analyst goes on to put an Overweight (i.e., Buy) rating on the stock, and his $20 price target points toward a one-year upside potential of 25%. (To watch Jensen's track record, click here) The Strong Buy consensus rating here is unanimous, based on 6 recent positive analyst reviews. The shares are priced at $15.98, and their $17.33 average price target implies an 8.5% gain for the next 12 months. (See QBTS stock forecast) Rigetti Computing Next on our list is Rigetti Computing, another leader in the space. The company has created a basic architecture for an advanced quantum computer system, based on a supercooling dilution refrigeration system designed to generate temperatures as low as one-hundredth of a degree Kelvin. That level of cooling is needed to support Rigetti's QPUs, or quantum processor units; these are the quantum integrated circuits which form the base of Rigetti's quantum computing technology. Because Rigetti involves itself in every aspect of designing and building out its quantum computers, the company is able to custom-create machines to fit any customer's design specs and scale. In an important feature, Rigetti also provides quantum cloud services, a hybrid service of quantum and classical computing offered via the cloud – giving customers access to quantum computing who may not need a whole quantum device in-house. Rigetti's system can support ultra-low-latency connections and forms the hybrid by linking high-performance classical computers to its quantum cloud. Rigetti's most powerful quantum computer is its Ankaa-3 system, which was deployed in December of last year and can handle more than 80 qubits of processing power. The company has also developed and made available a smaller, 9-qubit system derived from the Ankaa-3. This system, Novera, is intended to make quantum computing available on a smaller scale, allowing a wider range of customers to access the new technology's high computing performance. On the financial side, Rigetti's 1Q25 results showed that the company is clearly still in development stages. Rigetti's revenue for the quarter came to $1.5 million, missing the forecast by over $1 million, while the company's operating expenses came to $22.1 million. The company's operating loss in Q1 was reported as $21.6 million. At the same time, the company has achieved some important business developments recently. During Q1, Rigetti was chosen to participate in a DARPA quantum benchmarking initiative, and more recently, in May, the company announced that it will participate in an international collaboration with QphoX and NQCC on a multi-channel optical readout for quantum processors. Rigetti's strengths in scaling its quantum technology and its successes in entering strategic R&D partnerships caught the attention of Cantor's analyst. Jensen writes of Rigetti and its prospects, 'Rigetti Computing is a vertically-integrated superconducting quantum company advancing toward scalable, fault-tolerant systems through its proprietary modular chip architecture, and leading gate fidelities. With strategic backing from Quanta Computer–including a $250 million co-development agreement and joint IP ownership–we think Rigetti is well-capitalized to execute its roadmap, including a >100-qubit system by end-2025. The company's diversified go-to-market approach spans cloud services, on-premise deployments, and long-term government-funded R&D with partners like DARPA, NASA, and the UK's NQCC. This combination of technical progress, strategic capital, and commercial traction positions Rigetti to compete for early quantum advantage and sustained leadership in the quantum industry.' Quantifying his stance, Jensen rates RGTI shares as Overweight (i.e., Buy), and he complements that with a $15 price target, implying a one-year gain for the stock of 15%. These shares have 6 positive reviews on file, for a unanimous Strong Buy consensus rating from the Street. The stock is priced at $13.08, and its average target price is $15, matching the Cantor view. (See RGTI stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Disclaimer & DisclosureReport an Issue

Miami Herald
03-07-2025
- Business
- Miami Herald
Analyst revamps Rigetti price target for one unexpected reason
Quantum computing may still sound like science fiction to some, but a few pure-play stocks are turning that dream into serious market firepower. Call it hype or the future, but quantum computing stocks continue to deliver on Wall Street, building on their late-2024 surge. Don't miss the move: Subscribe to TheStreet's free daily newsletter Even with the bubble chatter, some niche players continue racking up big gains, while building tech that promises to flip the script on modern computing. One standout, though, is proving it can efficiently scale its cutting-edge quantum tech and build real momentum outside the lab. Backed by heavyweight partnerships and a ton of cash, this frontrunner just scored a fresh Wall Street nod as it rockets ahead. Rigetti Computing (RGTI) has quickly become one of the bellwethers in the quantum computing space. It has set itself apart in delivering a full-stack system, combining its own superconducting qubit chips, control hardware, and a cloud-ready software platform. At the heart of it all is Rigetti Quantum Cloud Services (QCS). For developers, QCS streamlines things, offering instant access to Rigetti's processors along with simple APIs and SDKs to run mixed quantum-classical workflows. On the financial front, Rigetti is in a relatively impressive position. In its first quarter, it posted $1.5 million in revenue and $42.6 million in net income ( mostly due to non-cash gains). Related: Veteran analyst drops shocking Tesla target More importantly, it wrapped up the quarter with a hefty $209 million in its cash till. It was later supercharged in June by raising another $350 million through an at-the-market equity offering, bringing those cash reserves to about $575 million. Moreover, 2025 has been a busy year for its business. Rigetti locked in a $35 million equity deal with Quanta Computer to scale quantum module production. More Tech Stock News: Solar stocks' nightmare year just got a plot twistApple could make big change to Siri, delight fansVeteran analyst offers eye-popping Nvidia, Microsoft stock prediction In a foray into the Asia-Pacific region, it also signed an MOU with South Korea's Norma to launch an 84-qubit system. On the R&D front, it was among the 15 finalists in DARPA's Quantum Benchmarking Initiative, a critical government push to get superconducting systems to "utility-scale" performance by 2033. Also, with partnerships with the UK's National Quantum Computing Centre, Rigetti is showing that it's not just building chips, but an entire ecosystem. Rigetti Computing stock is in the news this week, after Cantor Fitzgerald slapped an Overweight rating and a $15 price target (up over 15% from its last close). Without sugarcoating the reality, Cantor's Troy Jensen feels the quantum computing industry is still in its nascence. That means full-scale, error-corrected systems are probably years off, but the promise of mind-bending speed has kept Wall Street buzzing, with valuations running way ahead of near-term revenue. Moreover, it's not just Rigetti catching this wave. Its popular peers like IonQ and D-Wave have attracted similar attention, as they roll out their ambitious hardware roadmaps and next-gen software. Related: Cathie Wood makes surprising chip bet as AI battle heats up As mentioned earlier, Rigetti made its own splash by raising $350 million through an at-the-market equity sale, padding its balance sheet. Naturally, that massive cash cushion should help Rigetti land major new deals with governments and key cloud players, which remain must-haves in the quantum arms race. Cantor's endorsement is a bet that getting in early on the quantum bandwagon could pay off immensely. However, the spotlight is now on Rigetti and its peers to deliver scalable, error-corrected systems and to commercialize quantum-as-a-service in the process. Yesterday was massive for Rigetti, where its stock skyrocketed 15.5% to around $13 mark. And over the past year, it's gone parabolic, delivering more than 1,000% gain. Drill down further, and on a nine-month basis, the stock is up roughly 1,400%, while its three-month return of 45% wipes the floor with other stalwarts in the tech niche. Related: Analyst reboots IonQ stock price target for surprising reason The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.


Business Insider
03-07-2025
- Business
- Business Insider
‘Jump In Before It's Too Late,' Says Cantor Fitzgerald Analyst about Rigetti Stock (RGTI)
Shares of Rigetti Computing (RGTI) surged 15.5% on Monday after Cantor Fitzgerald analyst Troy Jensen initiated coverage with a Buy rating and a $15 price target (14.7% upside). The analyst is optimistic about the company's long-term growth potential. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Jensen noted that while quantum computing is still in its early stages and full-scale use may still be years away, it holds huge growth potential. Further, he said that quantum companies like Rigetti are already trading at high prices, as investors see opportunity in the sector. The analyst mentioned that the stocks are currently trading at 'steep valuations based on any near-term revenue or earnings forecast.' However, Cantor Fitzgerald still sees upside potential for Rigetti due to the 'strategic value of quantum computing' itself. RGTI Growth Efforts Rigetti is growing fast in quantum computing. The company is improving its 84-qubit chip for better performance and plans to launch a more powerful 100+ qubit chip by late 2025. A $250 million deal with Quanta is helping speed up this progress. The company is also teaming up with others like Nvidia (NVDA) and Microsoft (MSFT) to boost reliability and scale. Its smart design allows many chips to work together, helping it compete in the race for powerful quantum machines. Also, it recently completed a $350 million at-the-market (ATM) equity offering, lifting Rigetti's total cash reserves to around $575 million. This new capital is expected to aid RGTI's expansion plans. Is RGTI Stock a Good Stock to Buy? average Rigetti share price target is $15, which implies a potential upside of 14.68% from current levels.