Added to YB: 2025-05-21
Pitch date: 2025-04-04
RGTI [bearish]
Rigetti Computing, Inc.
-240.03%
current return
Author Info
No bio for this author
Company Info
Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally.
Market Cap
$8.5B
Pitch Price
$6.92
Price Target
N/A
Dividend
N/A
EV/EBITDA
-115.37
P/E
-20.79
EV/Sales
1.1K
Sector
Semiconductors and Semiconductor Equipment
Category
N/A
Rigetti Computing, Inc. - $RGTI (short)
RGTI short: Quantum company (99% fidelity, 84 qubits) far from commercial scale (need 1000+ qubits). CEO admits '4-5 years from commercial sales' despite 154x '25 sales multiple. IBM benchmarks show Rigetti lagging. $217M cash + $135M Quanta deal = $2/share. Should trade at cash with limited revenue growth ahead, especially as NVDA/MSFT enter space.
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