- United States - / - Semiconductors - / - NasdaqCM:RGTI Assessing Rigetti Computing (RGTI) Valuation After Strong Long Term Returns And Ongoing Losses Rigetti Computing overview Rigetti Computing (RGTI) has drawn investor attention with its focus on quantum computing hardware and cloud access, while the stock shows mixed short term moves and stronger longer term total returns. See our latest analysis for Rigetti Computing. After a sharp 14.4% decline in the 1 day share price and a 19.03% fall over the past week, Rigetti’s 1 year total shareholder return of 83.33% and very large 3 year total shareholder return suggest longer term momentum has still been strong. If quantum computing is on your radar, it can be useful to compare Rigetti with peers by scanning 30 quantum computing stocks With Rigetti shares recently down over the past day and week, but well ahead on a 1-year view and trading below the average analyst price target, is this a genuine entry point or is the market already pricing in future growth? Most Popular Narrative: 29.2% Overvalued According to the widely followed narrative by HedgeY, Rigetti’s fair value of $16.00 sits below the last close at $20.68, which puts the current price at a clear premium to that storyline. The biggest update is that Rigetti’s latest quarter was materially better than the old thesis base. In Q1 2026, the company reported $4.4 million of revenue, versus $1.5 million in Q1 2025, driven by Novera and system-related deliveries. It also reported an operating loss of $26.0 million and a non-GAAP net loss of $14.7 million, which shows the business is still far from profitability, but the revenue improvement matters because it provides evidence that commercialization is not purely theoretical. That narrative leans heavily on fast growing revenue, large operating losses, and a