Rigetti Computing Plummets to 208th in Trading Volume Ranking Amid 32% Decline

On June 17, 2025, Rigetti Computing (RGTI) experienced a significant decline, with its trading volume reaching $382 million, marking a 32.23% decrease from the previous day. This placed Rigetti at the 208th position in terms of trading volume for the day. The stock price of Rigetti Computing dropped by 5.55%.

Rigetti Computing is currently trading at a discount, supported by strategic government partnerships. Despite not having as many quantum computing breakthroughs as some of its competitors, Rigetti has benefited significantly from the overall rally in the quantum computing sector. The company's superconducting gate-based systems are designed for speed, executing operations in just 60-80 nanoseconds, making them ideal for time-sensitive workloads such as financial modeling and AI. Rigetti's vertically integrated approach, controlling everything from chip design to cloud access, positions it for potential large-scale growth.

Rigetti's financial performance has been challenging. In the first quarter of 2024, the company's revenue dropped by 52% to $1.47 million. For the full year of 2023, Rigetti reported a net loss of $200.99 million on revenue of $10.79 million, indicating a high burn rate. However, Rigetti has secured several notable deals and partnerships, including a $35 million agreement with Quanta Computer and a £3.5 million UK consortium focused on quantum error correction. These developments help maintain Rigetti's relevance in the competitive quantum computing landscape.

Analysts expect Rigetti's revenue to grow to $23 million in 2026 and $38 million in 2027. Despite the high-risk nature of the investment, if Rigetti can improve its execution, it could be at the start of a long-term turnaround. On Wall Street, Rigetti stock carries a Strong Buy consensus rating based on unanimous Buy ratings from analysts. The average stock price target of $15 implies almost 24% upside potential over the next twelve months.