Rigetti Computing Shares Rise Amidst Heavy Options Trading, Analysts Predict Average Price of $14.83

Rigetti Computing (RGTI) stock surged 29.4% to $16.46, driven by heavy options trading. Call options dominated puts, with an implied volatility of 115.16. Analysts forecast an average target price of $14.83, indicating a 10.48% downside from the current price. The company received awards and investments, but revenues and gross margins declined in Q1 2025.

Rigetti Computing (RGTI) stock experienced a significant surge of 29.4% on July 2, 2025, reaching $16.46. This substantial increase was largely driven by heavy options trading, with call options dominating puts. The implied volatility of 115.16 underscored the high level of investor interest and uncertainty surrounding the stock [2].

Analysts have forecasted an average target price of $14.83, indicating a potential downside of 10.48% from the current price. This suggests that while the stock has seen a substantial rise, there is room for correction [1].

Rigetti Computing has been the recipient of various awards and investments, which have contributed to its recent market performance. However, the company reported declining revenues and gross margins in Q1 2025, which could pose challenges to its future growth prospects [1].

The stock's performance has been closely tied to advancements in quantum computing technology. Rigetti Computing's achievement of 99.5% median two-qubit gate fidelity on its 36-qubit modular system has been a key driver of its recent surge. This milestone positions the company to scale towards a 100+ qubit system by year-end, fueling investor optimism [2].

Despite the positive momentum, the stock faces potential headwinds. The broader semiconductor sector has been muted, with sector leader IBM trading flat. Rigetti's outperformance highlights the premium investors are placing on quantum computing's disruptive potential versus traditional semiconductor firms [2].

Investors should closely monitor Rigetti Computing's progress towards its 36-qubit and 100+ qubit milestones, as these will be critical inflection points for the stock. The company's ability to deliver on these technological advancements will be crucial in sustaining its recent gains [2].

References:
[1] https://finance.yahoo.com/news/why-rigetti-computing-stock-plummeted-133515934.html
[2] https://www.ainvest.com/news/rigetti-computing-rockets-16-quantum-breakthrough-market-frenzy-2507/