Benchmark Assigns Buy Rating to Rigetti Computing (RGTI) Stock

Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the Best Quantum Computing Stocks to Invest In Right Now. On November 12, David Williams, a Benchmark analyst, assigned a “Buy” rating to the company’s stock, with a price objective of $40. While the analyst remains constructive on progress, mainly its chiplet-based architecture and roadmap execution, he believes that the recent volatility throughout emerging tech and AI sectors impacted near-term investor enthusiasm for shares in the quantum industry.

Notably, Rigetti Computing, Inc. (NASDAQ:RGTI)’s stock witnessed a fall of over ~42% over the past month. However, the long-term investment case remains intact, thanks to the ongoing technical milestones, expanding strategic partnerships, and sustained public and private financing, added Williams. Rigetti Computing, Inc. (NASDAQ:RGTI) provided a 2026-2027 technology roadmap update, and it expects to deploy a 150+ qubit system by or around 2026 end with an expected 99.7% median two-qubit gate fidelity, and a 1,000+ qubit system by or around 2027 end with an expected 99.8% median two-qubit gate fidelity.

On the technology front, Rigetti Computing, Inc. (NASDAQ:RGTI) remains on track to deliver its 100+ qubit chiplet-based quantum system with an expected 99.5% median two-qubit gate fidelity by 2025 end.

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Disclosure: None. This article is originally published at Insider Monkey.