FREE REPORT! Why a Cash Rich Rigetti Computing -$RGTI - Is a Must-Buy Opportunity in the Quantum Computing Boom!
June 16, 2025 - An in-depth analysis of our Top Stock Pick with Huge Upside Potential! Rigetti Computing Demonstrates Industry's Largest Multi-Chip Quantum Computer; Halves Two-Qubit Gate Error Rate!
Welcome to another edition of the TopStocksTrader Investment Newsletter!
TopStocksTrader Investment Newsletter – July 16th, 2025
Revisiting Rigetti Computing ($RGTI) – A Quantum Leap Forward
At TopStocksTrader, we’ve been bullish on Rigetti Computing ($RGTI) for months, with recent articles like “Why Rigetti Computing ($RGTI) Is a Must-Buy Opportunity in the Quantum Era” (May 9), “Unleash Explosive Gains: The Ultimate Quantum Computing Stock to Own” (July 14), and “Quantum Computing: A Revolution is Coming – Our Deep Dive Reveals…” (July 6) highlighting its potential.
Today, we’re revisiting $RGTI in light of its newly bolstered cash position of $575 million with zero debt, making it a standout choice among quantum computing stocks.
This financial strength positions Rigetti as a leader in a niche poised for explosive growth, offering investors a rare opportunity to capitalize on the quantum revolution.
Company Profile and Business Outlook
Rigetti Computing, Inc. (NASDAQ: $RGTI) is a pioneer in full-stack quantum-classical computing, specializing in superconducting gate-based quantum processors.
The company develops quantum processing units (QPUs), such as the 84-qubit Ankaa-3 system, and delivers quantum computing as a service (QCaaS) via the cloud. This niche allows enterprises and researchers to tap into quantum capabilities without massive infrastructure costs, addressing complex problems in drug discovery, logistics, and climate modeling.
With quantum computing still in its early stages, Rigetti’s focus on scalable, high-fidelity systems (e.g., 99.5% two-qubit gate fidelity) and partnerships like the $35 million deal with Quanta Computer positions it for long-term dominance. The sector’s projected growth, coupled with Rigetti’s robust R&D funding for over six years, underscores a bright business outlook.
Fundamental Analysis
Rigetti’s recent $350 million stock sale has swelled its cash reserves to $575 million, providing a war chest to fuel innovation without debt pressure. However, 2024 revenue of $10.79 million reflects a 10.14% decline from $12.01 million in 2023, with operating losses at $200.99 million due to an 82% surge in expenses. Despite this, the cash position ensures runway through 2031, a critical advantage in a capital-intensive field.
Analyst sentiment remains strong, with a “Strong Buy” rating and a $14.2 price target (vs. current $12.72), reflecting confidence in long-term potential. The company’s partnerships and government contracts (e.g., $5.5 million AFOSR award) further bolster its fundamentals, though competition from IBM and Google remains a challenge.
Technical Analysis
Daily Chart: The stock recently pulled back from a high of $14.24 to $12.72, a 0.39% dip, with volume at 22.62M shares. The 50-day moving average (MA50) at $11.85 signals support, while the 200-day moving average (MA200) at $8.45 suggests a bullish long-term trend. The MACD shows a slight bearish crossover (0.37958 signal), but the histogram’s 0.032186 indicates potential stabilization. RSI at 53.92 is neutral, hinting at room for upside.
4-Hour Chart: Price action hovers around $12.70, with a drop from $14.24. The MA50 at $12.67 and MA200 at $12.01 provide dynamic support, while resistance sits near $14.40. The MACD’s 0.032866 histogram suggests a possible reversal, supported by an RSI of 49.69, indicating no overbought conditions.
1-Hour Chart: A tighter view shows price at $12.70, with support at $12.04 (MA50) and resistance at $13.07 (MA200). The MACD’s 0.002047 histogram and RSI of 49.99 suggest a consolidation phase, ideal for entry.
Recent News and Developments
The Seeking Alpha article “Rigetti Computing: Quantum Cash Pile Changes Everything” (July 16, 2025) highlights the $350 million raise, reinforcing financial stability. Partnerships like the Innovate UK’s £3.5 million grant and the Ankaa-3’s high fidelity are gaining traction and fueling investor hype.
However, dilution concerns persist due to stock sales, a factor to monitor.
Why $RGTI Is a Great Stock to Buy Right Now
Rigetti Computing is a standout buy in today’s market, driven by its $575 million cash reserve and debt-free balance sheet, ensuring R&D dominance in quantum computing. With a “Strong Buy” rating and a $14.2 price target, the stock offers upside potential from its current $12.72, especially as the quantum sector gains momentum. The company’s innovative QPUs and strategic partnerships position it ahead of competitors, while technical indicators suggest a consolidation phase ripe for accumulation.
For risk-tolerant investors, $RGTI’s long-term growth story makes it a must-own stock.
Investment Strategy
We maintain a positive outlook on $RGTI, recommending accumulation. Best Entry: $12.50–$12.70, leveraging the current dip. Support Levels: $11.85 (MA50 daily), $12.04 (4-hour MA50). Resistance Levels: $13.07 (1-hour MA200), $14.24 (recent high). As the quantum revolution unfolds, Rigetti’s financial strength and technical setup make it a superior choice—accumulate now for explosive gains!
Comparative Financial Metrics
To provide context, here's a comparison of key financial metrics for Rigetti Computing and some competitors, based on available data:
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