10 Best Quantum Computing Stocks to Buy and Hold Forever

​7. Rigetti Computing, Inc. (NASDAQ:RGTI)

Number of Hedge Fund Holders: 29

Rigetti Computing, Inc. (NASDAQ:RGTI) has declined more than 21% over the past month, mainly due to share dilution concerns and extreme valuation multiples. However, the Street remains bullish on the stock, with analysts’ 12-month price target suggesting more than 80% upside from the current level.

​The bullish sentiment is based on Rigetti Computing, Inc. (NASDAQ:RGTI)’s impressive fiscal Q1 2026 revenue growth, representing around 193% year-over-year growth to $4.4 million. Management attributed growth to on-premises Novera QPU deliveries and new government research contracts. This has led to analysts projecting revenue to triple by the end of 2026, compared to last year.

​On the other hand, the decline in share price has been linked to valuation, which remains under intense scrutiny. Analysts highlight the company’s price-to-sales ratio compared with that of its peers. The company needs to justify its premium valuation by consistent commercial adoption and rapid growth.

Overall, Rigetti Computing, Inc. (NASDAQ:RGTI) was held by 29 hedge funds in Q1 2026 as per Insider Monkey’s database.

Rigetti Computing, Inc. (NASDAQ:RGTI) is a full-stack quantum computing company. It operates quantum computers over the cloud and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform.

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