Where Will Rigetti Computing Go Next?

By Anders Bylund – Feb 6, 2026 at 7:09PM ESTKey PointsRigetti shares have gained 1,420% in 15 months, outpacing IonQ but trailing D-Wave.The stock trades at 757 times sales, making even its high-flying peers look cheap.Cash-burning companies don't always survive long waits for profitability.These 10 Stocks Could Mint the Next Wave of Millionaires ›NASDAQ: RGTIRigetti ComputingMarket Cap$4.9BToday's Changeangle-down(17.96%) $2.69Current Price$17.66Price as of February 6, 2026 at 3:58 PM ETWhere is Rigetti stock headed next? The answer depends on which question you're really asking.Like its pure-play quantum computing peers, Rigetti Computing (RGTI +17.96%) has seen incredible stock returns recently. As of this writing on Feb. 4, 2026, share prices are up by 1,420% in the past 15 months. The jump is a few steps behind D-Wave Quantum (QBTS +20.19%) gaining 1,910% over the same period, but far ahead of IonQ's (IONQ +14.98%) 770% rise. Rigetti investors expect quantum computing to disrupt many industries in the long run. From encryption and genetic analysis to financial forecasting, quantum's probabilistic calculations should eventually run circles around today's digital computers. And Rigetti isn't laser-focused on a single aspect of this opportunity. Instead, it wants to offer a full stack of quantum computing solutions, from hardware manufacturing and system design to management software and cloud-based service delivery. Presenting the whole package as a unit could make Rigetti popular with deep-pocketed enterprise customers. ExpandNASDAQ: RGTIRigetti ComputingToday's Change(17.96%) $2.69Current Price$17.66Key Data PointsMarket Cap$4.9BDay's Range$15.34 - $17.7352wk Range$6.86 - $58.15Volume1.4MAvg Vol37MGross Margin-6849.48% But what about the stock? You weren't asking about Rigetti's business ambitions, though. You want to know where the stock is going next. Honestly, Rigetti can go wherever quantum hype takes it. I thought it would cool down in 2025 after a soaring launch at the end of 2024, but Rigetti posted a full-year gain of 45% instead. A few technology advances around the quantum computing sector kept pushing the stock chart higher (in a volatile way, of course). Sentiment can flip on a single headline, for better or for worse. Image source: Getty Images. So I can't really say whether Rigetti will rise or fall in the next short-term time period of your choice. But the company is deeply unprofitable and has a habit of selling more stock in order to keep the business running. And Rigetti's stock trades at downright unreasonable valuation ratios. At 757 times sales, Rigetti makes most market darlings (including IonQ and D-Wave) look cheap by comparison. I wish Rigetti good luck in the long run, but the stock is poised for a steep price correction in the next year or two. Commercial success is probably more than a decade away, and cash-burning companies don't always survive a 10-year wait.Read NextFeb 6, 2026 •By Johnny RiceWhy Did Rigetti Computing Stock Soar 18.3% Today?Feb 6, 2026 •By Johnny RiceShould You Buy Rigetti Computing Stock Right Now?Feb 3, 2026 •By Johnny RiceWhy Rigetti Stock Fell 18% in January To Start 2026Jan 30, 2026 •By Johnny RiceIf You'd Invested $5,000 in Rigetti Computing Stock (RGTI) 1 Year Ago, Here's How Much You'd Have TodayJan 29, 2026 •By Leo SunBetter Quantum Stock: Rigetti Computing vs. Quantum ComputingJan 29, 2026 •By John BromelsForget Rigetti Computing, This Established AI Giant Is a Safer PlayAbout the AuthorAnders Bylund is a contributing Motley Fool media and technology analyst covering semiconductors, cloud computing, internet infrastructure, quantum computing, and streaming media. Previously, Anders was a systems administrator for Nielsen Technology and CSX, gaining hands-on experience with enterprise-class systems. He was also a freelance writer for Ars Technica, TIME, USA Today, CNN, WIRED, and AOL's Daily Finance. He holds a bachelor’s degree in English and a master’s degree in library and information sciences from Florida State University. He believes in coyotes and time as an abstract.TMFZahrimX@TMFZahrimStocks MentionedRigetti ComputingNASDAQ: RGTI$17.66 (+17.96%) $+2.69IonQNYSE: IONQ$34.99 (+14.98%) $+4.56D-Wave QuantumNYSE: QBTS$20.68 (+20.19%) $+3.48*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.