Rigetti Computing, Inc. Partners with Montana State University, Raises PT to $18

Rigetti Computing (RGTI) has collaborated with Montana State University to launch QCORE, a research hub with a 9-qubit Novera QPU. Cantor Fitzgerald raised its price target for RGTI from $15 to $18, citing the company's potential for 15% of the worldwide quantum market by 2035. The collaboration highlights RGTI's growing importance in developing next-generation quantum technology.

Rigetti Computing Inc. (RGTI) has made significant strides in the quantum computing sector, with a strategic partnership with Montana State University (MSU) that has garnered substantial attention. The collaboration has led to the establishment of QCORE, a research hub equipped with a 9-qubit Novera QPU. This development underscores Rigetti's commitment to advancing next-generation quantum technology [1].

Cantor Fitzgerald, a leading financial services firm, has raised its price target for RGTI from $15 to $18, reflecting the company's potential to capture 15% of the worldwide quantum market by 2035. This optimistic outlook is driven by Rigetti's innovative strides and strategic alliances [2].

The partnership with MSU is a pivotal move for Rigetti, as it allows the company to leverage the university's expertise in quantum research. The QCORE hub is expected to facilitate cutting-edge research and development, potentially strengthening Rigetti's R&D backbone. The anticipated integration of a Rigetti Novera QPU within this new facility signifies a substantial investment in future technology and market reach [1].

Rigetti's recent financial performance has been mixed, with earnings falling short of expectations in the second quarter of 2025. However, the company has shown resilience, with a current ratio of 41.6 and low debt-to-equity ratios, indicating its financial strength [1]. The company's focus on innovation, as seen in the launch of its largest multi-chip quantum computer, Cepheus-1-36Q, highlights its commitment to technological advancements despite financial challenges [2].

The quantum computing sector is poised for growth, with Rigetti positioned as a key player. The company's strategic partnerships and technological innovations are likely to shape the future of computing. As Rigetti continues to make progress in this dynamic field, investors and financial professionals should closely monitor its developments [1, 2].

References:

[1] https://stockstotrade.com/news/rigetti-computing-inc-rgti-news-2025_08_28/
[2] https://finance.yahoo.com/news/rigetti-computings-margin-recover-second-144800066.html