Prediction: Rigetti Computing Stock Could Double by 2031. Here's Why I'm Still Cautious.

Quantum computing technology is promising to transform drug discovery, materials science, financial modeling, cybersecurity, and more.

Given its various use cases, McKinsey estimates the quantum computing market could reach between $43 billion and $71 billion by 2035.

That opportunity has attracted enormous attention to pure-play quantum developers such as Rigetti Computing (RGTI -0.78%).

Where could Rigetti stock be in 2031?

While the math shows Rigetti's stock could double, both scenarios require exceptional execution and broader adoption of quantum computing within a relatively tight time frame.