Rigetti Computing Screens 29.2% Overvalued at $16 Fair Value Despite Q1 Revenue Jump
Updated
Updated · Simply Wall St · Jun 6
Rigetti Computing Screens 29.2% Overvalued at $16 Fair Value Despite Q1 Revenue Jump
1 articles · Updated · Simply Wall St · Jun 6
Summary
$16.00 is the fair value cited for Rigetti, versus a last close of $20.68, implying the quantum-computing stock trades at a 29.2% premium.
Q1 2026 revenue rose to $4.4 million from $1.5 million a year earlier, helped by Novera and system-related deliveries, giving investors fresh evidence of commercialization progress.
Losses remain heavy: Rigetti posted a $26.0 million operating loss and a $14.7 million non-GAAP net loss, underscoring how far the business is from profitability.
The valuation call comes after a 14.4% one-day drop and a 19.03% weekly slide, even though the stock is still up 83.33% on a one-year total-return basis.