Rigetti Computing, a leader in the quantum computing space, has garnered attention from Wall Street analysts, who rate the company a buy. According to Tipranks, five analysts have issued research reports on Rigetti over the last three months, all recommending a purchase.
The company is known for its innovation and progress toward commercialization. Its 84-qubit Ankaa-3 system, launched at the end of 2024, has achieved significant accuracy improvements. Rigetti plans to release a quantum computer with over 100 qubits later this year, further solidifying its position in the industry.
Notable partnerships include Amazon Web Services (AWS) and Standard Chartered, as well as funding from Quanta, Taiwan’s second-largest contract electronics manufacturer. This backing is seen as validation of Rigetti’s leadership in the quantum computing space.
However, investors should exercise caution when considering Rigetti or other quantum computing stocks. The revenue generated by these companies is often minimal, and they are still largely unprofitable. Despite this, Wall Street analysts remain bullish on the company, citing its potential for significant growth in the future. A speculative position with a clear understanding of the risks involved may be suitable for some investors.
Source: https://www.fool.com/investing/2025/06/27/1-quantum-computing-stock-that-is-a-glaring-buy-ac