#1 - Rigetti Computing (NASDAQ:RGTI)
If you’re wondering about the growth potential in small-cap stocks, consider the performance of Rigetti Computing Inc. (NASDAQ: RGTI). RGTI is up more than 500% in the last 12 months, and that includes a 46% drop so far in 2025.
Rigetti is a leading name in the emerging quantum computing space. While some companies in this space are still in the development stage, Rigetti has operated quantum computers over the cloud since 2017 and has developed the first multichip quantum processor.
That said, the company only generated about $15 million in revenue in 2024 and is years away from being profitable. But that’s typical in early-stage, high-tech industries. Profitability requires larger buys from larger customers. That's why, prior to the start of the stock’s surge in late 2024, Rigetti was trading for less than $2 per share. RGTI stock is still down from its all-time closing high of $19.91 on January 2, 2025.
The six analysts that cover Rigetti—fairly substantial coverage for a company of its size—have given RGTI a consensus price target of $14.50, signaling that Wall Street sees enough substance here to stay engaged.
About Rigetti Computing
Rigetti Computing, Inc, through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service.
More about Rigetti Computing- Current Price
- $7.50
- Consensus Rating
- Buy
- Ratings Breakdown
- 5 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $14.50 (93.3% Upside)
