A Look At Rigetti Computing (RGTI) Valuation After CHIPS Act Funding Letter Of Intent

Simply Wall St.05-23 19:42

Rigetti Computing (RGTI) has signed a letter of intent with the U.S. Department of Commerce for up to US$100 million in CHIPS Act funding over three years to accelerate superconducting quantum ...

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At the same time, the 1 year total shareholder...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"RGTZ":"2倍做空RGTI ETF-Defiance","BK4141":"半导体产品","RGTI":"Rigetti Computing","RGTU":"2倍做多RGTI ETF-Tradr","RGYY":"GraniteShares YieldBoost RGTI ETF","BK4602":"量子计算概念","RGTX":"2倍做多RGTI ETF-Defiance"},"translate_title":"CHIPS法案资助意向书后Rigetti Computing(RGTI)估值一览","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RGTX":0.6,"RGTI":1.97,"RGYY":0.6,"RGTZ":0.6,"RGTU":0.6},"content_text":"Rigetti Computing (RGTI) has signed a letter of intent with the U.S. Department of Commerce for up to US$100 million in CHIPS Act funding over three years to accelerate superconducting quantum computing research. See our latest analysis for Rigetti Computing. The CHIPS Act funding news arrives during a sharp upswing in sentiment, with a 48.01% 7 day share price return and 65.95% 90 day share price return helping lift the latest price to US$26.42. At the same time, the 1 year total shareholder return of 88.45% and very large 3 year total shareholder return of more than 20x point to powerful but volatile momentum that has recently accelerated. If this kind of quantum interest has your attention, it could be worth scanning a wider set of quantum computing opportunities through the 27 quantum computing stocks With the stock up sharply and trading only about 11% below the latest analyst price target of US$29.24, the key question now is simple: is there still upside here, or has the market already priced in future growth? AdvertisementMost Popular Narrative: 7.8% Overvalued Rigetti Computing's latest close of $26.42 sits above the narrative fair value of $24.50, which frames the recent surge against a slightly richer pricing backdrop. The trajectory of quantum computing, particularly in the context of Rigetti Computing and the Quantum Benchmark Testing System (QBTS), could witness significant shifts. Trump's emphasis on \"America First\" policies might lead to increased funding for public-private partnerships and the Defense Advanced Research Projects Agency (DARPA) R&D works in critical technologies, including quantum computing, as part of national security and technological supremacy initiatives. Read the complete narrative. Curious what kind of revenue ramp and profit margin shift would support that fair value, despite ongoing losses? According to LongTermer, the narrative leans on faster top line growth, improving cash efficiency and a richer future earnings multiple, all woven into a single valuation story that is not yet reflected in headline numbers. Result: Fair Value of $24.50 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this narrative can unravel if CHIPS Act support is delayed or reduced, or if Rigetti’s losses of US$225.72 million do not narrow meaningfully. Find out about the key risks to this Rigetti Computing narrative. Next Steps With the mix of optimism and concern so clear, it makes sense to review the data yourself and decide where you stand. If you want a quick shortcut to both sides of the story, check out the 1 key reward and 3 important warning signs Looking for more investment ideas? If Rigetti has sharpened your interest, do not stop here. Broaden your watchlist with other focused stock ideas that could suit very different investing goals.  Target potential value opportunities by scanning companies in the 49 high quality undervalued stocks. Prioritise resilience by checking out stocks highlighted in the 66 resilient stocks with low risk scores. Hunt for early-stage potential by reviewing the 25 elite penny stocks with strong financials before the crowd catches on.   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. 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