Rigetti Computing (RGTI) shares rose more than 17% on Thursday, with the banking company revising its stock price forecast and maintaining a buy rating. Craig-Hallum market analyst Richard Shannon maintained his purchase rating at Rigetti and predicted an additional 30% increase in the stock.
Shannon is a tech stock expert and has risen over the past month as tariff concerns eased. Another emerging sector outside of AI in the technology industry is quantum computing. Rigetti is one of the most popular companies in the field, and its share has grown by more than 1000% over the past year. 2025 has been a bit down so far, but momentum is back. Therefore, experts still suggest that now is the time to invest in RGTI.
Rigetti Computing reported significant economic improvements in the first quarter of 2025, with net income of $43 million and earnings per share positive. Last month, the company’s stock rose sharply by 43%. The S&P 500 remained relatively flat, but the development of Rigetti could have driven inventory beyond wider market trends and amplified investor interest with the rise of the high-tech NASDAQ.
Furthermore, last year, Rigetti Computing showed a very large total revenue, with its stock price rising significantly. This performance stands out as Rigetti’s stock price outperforms both the S&P 500 and the US semiconductor industry in terms of annual returns, indicating investor trust and market differentiation. Compared to the S&P 500 and industry returns of 19.7%, Rigetti’s steady profits reflect recent outcomes and positive market sentiment towards potential future developments.
RGTI stocks are trading above a simple 200-day moving average in the middle of the 52-week range. Craig-Hallum predicts Rigetti will next climb to $15, up 30% from the current price. CNN analysts are also relatively bullish and see the growth potential of quantum computing stocks. All six analysts surveyed by the platform have proposed to buy RGTI, predicting climbs even higher than the $16 per share Craig Hallum.
