Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
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Valued as a loss-making company: Sales comps and Analyst consensus.
ACCE opinionRigetti Computing Inc. Common Stock (RGTI)
Fair value
Not available
ACCE price target
$10.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Price used: $11.52 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus and Sales comps.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
37
out of 100
Analysts
69% buy
13 covering
1-year return
-70.9%
Dividend yield
0.00%
Rigetti Computing Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Rigetti Computing builds superconducting quantum processors and sells them, along with its Quantum Cloud Services access layer and the Forest software stack, to research labs, government agencies and enterprise customers testing quantum workloads. The case for a deeper look rests on the company being one of the few pure-play quantum hardware names with its own fabrication and a working cloud offering, which gives it a direct route to revenue while most of the sector is still pre-commercial. Revenue growth of 185.3% over the latest period is the headline, but it comes from a small base, and the operating margin of -546.2% shows how far the cost structure sits ahead of sales. The near-term question is whether system deliveries and government or enterprise contracts keep converting into recognized revenue fast enough to narrow that gap before the cash balance becomes the binding constraint. With a score of 37/100, no index membership and a negative return on equity of -43.8%, the quantitative screen says the stock doesn't yet clear our bar, so the thesis only justifies time if the revenue ramp and margin trajectory can be verified in the next few reporting periods.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Cash burn against thin balance
Free cash flow is -$77.2M with an operating margin of -546.2%. Growth from +185.3% revenue YoY is not yet translating into self-funding, so the business depends on outside capital.
high
Heavy short interest
Short interest sits at 19.8% of float. Insiders recorded $10.85M in sales and no buys over the last ten disclosed trades, which adds to the sense of weak insider conviction.
moderate
Price above ACCE target
The stock trades 15.2% above the ACCE price target of $10.00 at $11.52. The composite score also slipped 4 points over 90 days to 37/100.
AI research notes
AI-assisted·How I use AIWritten Oct 21, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 185.3% year over year in the latest 10-Q, far faster than its 5.0% average over five years.
Debt is very low, with debt to equity at 0.01, so the company is not leaning on borrowed money to fund its losses.
Why it could disappoint
Free cash flow over the last twelve months was negative $77M, so the business still burns cash rather than generating it.
The latest earnings per share missed expectations by 166.7%, with a loss of $0.16 against an expected $0.06 loss.
Diluted share count rose 67.7% last fiscal year, meaning existing owners hold a much smaller slice of the company.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 9, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where RGTI's valuation models land
Price
$11.52
Model fair valueConfidence: low
about $16.34
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Analyst consensus
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Quality
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