Close Menu
FintechFetch
    FintechFetch
    • Home
    • Fintech
    • Financial Technology
    • Credit Cards
    • Finance
    • Stock Market
    • More
      • Business Startups
      • Blockchain
      • Bitcoin News
      • Cryptocurrency
    FintechFetch
    Home»Stock Market»Up 5,000% in a year, is Nasdaq stock Rigetti (RGTI) a ticket to wealth?
    Stock Market

    Up 5,000% in a year, is Nasdaq stock Rigetti (RGTI) a ticket to wealth?

    FintechFetchBy FintechFetchOctober 18, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Image source: Getty Images

    Around two years ago, a family member in the US told me about a little-known Nasdaq stock called Rigetti Computing (NASDAQ: RGTI). This family member had worked with the company’s CEO and suggested I buy some shares near $1.

    Now, I did take a look at the quantum computing company at the time. But with the technology still in its infancy, I decided it was too risky…

    What a mistake

    Fast forward to today and the stock has risen around 50-fold since. So you could say I made a major mistake not buying in. Had I put five grand on it back then, I’d now have about $250k. I could have bought myself a Ferrari!

    Is it too late to buy?

    Is it too late for me to get on board the Rigetti train today? Sadly, I think it is.

    The company does have some really interesting technology. A leader in the quantum computing space, it offers ‘full stack’ solutions and has products ready to ship. But here’s the thing – quantum computing technology’s unlikely to go mainstream until the mid-2030s to 2040. That’s a long time away.

    And in the near term, Rigetti’s sales are forecast to be very small. This year, analysts expect revenue of just $8.1m (versus $10.8m last year). That’s peanuts.

    Next year, sales are forecast to jump to $21.5m. But that’s still peanuts. Especially when we look at the valuation here. At today’s share price, Rigetti has a market-cap of around $15.6bn.

    So taking that sales forecast for next year, we’re looking at a price-to-sales ratio of about 725.

    Risk versus reward

    That’s a sky-high valuation. For reference, Palantir trades on about 100.

    Now obviously, new technologies can generate big returns for investors in the long run. So they can be worth paying up for. But looking at that sales multiple, and how far the stock has run over the last year, I think the stock’s gotten ahead of itself. Ultimately, I don’t think this company is worth $15.5bn.

    If I was to buy the stock now, I think there’d be more chance of me losing money than making it. Because history shows stocks that shoot up like this tend to come crashing down at some point if the fundamentals don’t support the share price rise.

    Of course, the stock could keep rising in the near term. Today, retail investors continue to pile into it, pushing the share price higher.

    At some stage though, I reckon the fundamentals (ie sales and earnings) are going to come into focus. And when that happens, things could get ugly.

    It’s worth noting that in recent days there’s been talk that CEO Subodh Kulkarni has been selling all his shares. This suggests he currently sees the company as overvalued.

    Better opportunities in the market?

    The good news is that there are lots of other great growth stocks out there that look a bit safer. In industries such as artificial intelligence, cloud computing, chips, and FinTech, there are tons of opportunities right now.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleLoss Could Trigger $100K Retest
    Next Article CZ Fires Back at Peter Schiff’s Latest Bitcoin Criticism
    FintechFetch
    • Website

    Related Posts

    Stock Market

    Prediction: this growth stock will outperform Nvidia, Tesla, and Rigetti over the next 2 years

    October 18, 2025
    Stock Market

    I asked ChatGPT what could save the Aston Martin share price

    October 17, 2025
    Stock Market

    Now 218%! Is a stock market crash coming with the Warren Buffett indicator at all-time highs?

    October 17, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    CloudPay Launches Cloud-Based Payroll Solution for Businesses Set to Scale

    June 19, 2025

    Bitcoin Investors Are Taking Profits Aggressively

    May 8, 2025

    Trace ASI’s AI for Crypto Hits 87% Success Rate

    May 26, 2025

    This Bitcoin Thesis ‘Will Retire Your Bloodline,’ Says Expert

    July 16, 2025

    Artificial Superintelligence Alliance (FET) Price Prediction 2025 2026 2027

    March 8, 2025
    Categories
    • Bitcoin News
    • Blockchain
    • Business Startups
    • Credit Cards
    • Cryptocurrency
    • Finance
    • Financial Technology
    • Fintech
    • Stock Market
    Most Popular

    Fed Cut Wipes Out Leverage as Bitcoin Supply Ratio Drops

    September 20, 2025

    Pi Network (PI) News Today: April 2

    April 2, 2025

    Crypto News Today, September 12 – Bitcoin Crosses $115K, SOL Price Surges To $238 And BNB Hits A New ATH: Best Crypto To Buy Now?

    September 12, 2025
    Our Picks

    Banking with MrBeast?

    October 18, 2025

    Gold Is King Now But BTC USD Will 14X To Over $1,400,000: Mexican Billionaire

    October 18, 2025

    Pi Network (PI) News Today: October 18th

    October 18, 2025
    Categories
    • Bitcoin News
    • Blockchain
    • Business Startups
    • Credit Cards
    • Cryptocurrency
    • Finance
    • Financial Technology
    • Fintech
    • Stock Market
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Fintechfetch.comAll Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.