Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the Best Quantum Computing Stocks to Buy and Hold for 10 Years. Wall Street is bullish on the stock as the company gets close to releasing its fiscal Q1 2026 earnings, scheduled for May 11. The Street expects the company to post revenue around $4.09 million, along with a GAAP EPS of negative $0.06.
Recently, on April 20, Northland Capital Markets initiated coverage of Rigetti Computing, Inc. (NASDAQ:RGTI) with a Market Perform rating and a $20 price target. Earlier, on April 7, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on the stock with a price target of $33, down from the previous target of $43.
Northland remains bullish on the quantum industry, noting that AI needs advanced computing power to train large language models. The firm highlighted that as this demand increases, traditional computers will not be able to offer solutions that quantum computing can provide. The firm believes that the quantum industry has an aggregate enterprise value of $88 billion and also has huge growth potential as AI scales and the technology matures.
On the other hand, Mizuho also remains bullish on the quantum sector for the longer term, calling it to be at the start of an S curve, with massive growth potential till 2035. The firm lowered the price target on Rigetti Computing due to the growth concerns associated with the macroeconomic conditions and spike in oil prices.
Rigetti Computing Inc. (NASDAQ:RGTI) creates and operates superconducting quantum processors and quantum computers. Its offerings include a vast range, including quantum processing units, Novera QPU, Cepheus-1-36Q system, Rigetti quantum cloud services, and QCS Outpost. Furthermore, it provides superconducting quantum chips, as well as professional services like algorithm development, benchmarking, quantum application programming, and software development.
While we acknowledge the risk and potential of RGTI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RGTI and that has 10,000% upside potential, check out our report about this cheapest AI stock.
READ NEXT: 10 Best Stocks to Buy While the Market Is Down and 14 Stocks That Will Double in the Next 5 Years.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
