Buy RGTI Before Q1 Earnings?

Quantum Roulette: Rigetti Computing’s Wild Ride Through the Stock Market’s Back Alleys
Picture this: a dimly lit Wall Street alley where quantum mechanics meets day traders, and the only thing more volatile than qubits is Rigetti Computing’s (RGTI) stock chart. This isn’t your grandma’s blue-chip investment—it’s a high-stakes poker game where the house rules are written in Schrödinger’s equations. Rigetti, the scrappy underdog of quantum computing, has been swinging between “next big thing” and “burning cash faster than a crypto startup” since its IPO. But in 2024? The stock went full moonshot—2,400% gains, baby. Let’s dissect this quantum enigma before the SEC starts asking questions.

The 2,400% Hustle: How Rigetti Became Wall Street’s Favorite Sci-Fi Stock

First, the numbers. Rigetti’s stock didn’t just climb—it pole-vaulted over skepticism like an Olympic athlete doped on quantum entanglement. The Russell 2000 index inclusion gave it street cred, but let’s be real: this rally smells like FOMO with a side of hype. Quantum computing is the ultimate “sell the dream” sector, where revenue is theoretical but the stock swings are painfully real.
But here’s the kicker: while Rigetti’s tech could one day crack encryption or simulate molecules, today it’s burning cash like a bonfire. The March 2025 earnings report showed a -$0.083 EPS miss, a -$0.011 faceplant against estimates. Yet, the stock barely blinked. Why? Because in quantum land, losses are just “pre-revenue storytelling.” The next earnings drop on May 12? Buckle up. If history’s any guide, Rigetti’s stock might just shrug and rally anyway—because logic left the building months ago.

Analysts’ Crystal Ball: Strong Buy or Quantum Bubble?

Wall Street’s analysts are split between “rave review” and “delusional optimism.” TipRanks shows a unanimous “Strong Buy” consensus, with a $15.25 price target (a 41.86% upside). Not a single “Sell” rating in sight—which, frankly, is suspicious. Either these analysts know something the rest of us don’t, or they’re betting on quantum’s “too cool to fail” aura.
But let’s talk brass tacks: quantum computing is years—maybe decades—from profitability. Rigetti’s tech is legit, but so was Pets.com before it imploded. The stock’s recent 15.29% weekly jump? Pure adrenaline from Google’s “Willow” quantum chip announcement, proving Rigetti’s riding sector momentum more than its own balance sheet.

The Quantum Long Game: Partnerships or Prayers?

Rigetti’s survival hinges on two things: partnerships and patience. Collaborations with big tech (think Google, IBM) could keep the lights on while the tech matures. But here’s the rub: quantum’s “winner takes all” nature means Rigetti either becomes the next Intel or gets acquired for scraps.
The company’s recent stock surge isn’t about earnings—it’s about betting that quantum computing will be the next internet-level disruption. And hey, if you’re holding RGTI, you’re either a visionary or a gambler. Probably both.

Closing the Case: Quantum Dreams and Dollar Realities

Rigetti Computing is the ultimate high-risk, high-reward play. The stock’s 2024 tear defies fundamentals, but in a market where “potential” trades at a premium, logic takes a backseat. The May earnings report will test whether this rocket has fuel or just hot air.
For investors? Here’s the gumshoe’s verdict: if you’re in, strap in for turbulence. If you’re out, maybe watch from the sidelines—because in quantum investing, the only sure bet is volatility. Case closed, folks.