12 Best Multibagger Stocks to Buy in 2025

10. Rigetti Computing, Inc. (NASDAQ:RGTI)

Number of Hedge Fund Holders: 17

Stock Price Return in the last twelve months: 338%

Rigetti Computing, Inc. (NASDAQ:RGTI) is a quantum computing company that designs and develops superconducting quantum processors and cloud-based quantum computing services. It provides access to its quantum computing platform through its Quantum Cloud Services (QCS), allowing researchers, businesses, and government agencies to run quantum algorithms. RGTI integrates quantum hardware with classical computing infrastructure to enable hybrid quantum-classical computing solutions. The company serves industries such as finance, healthcare, materials science, and machine learning, aiming to advance practical applications of quantum technology.

Rigetti Computing, Inc. (NASDAQ:RGTI) has entered into a strategic collaboration agreement with Quanta Computer Inc., a Taiwan-based Global Fortune 500 company, with both companies committing to invest more than $100 million each over the next 5 years to accelerate quantum computing development. Additionally, Quanta will invest $35 million to purchase RGTI common stock, pending regulatory clearance. On the technology front, RGTI launched its 84-qubit Ankaa-3 system in December 2024, achieving significant milestones with 99.0% median iSWAP gate fidelity and demonstrating 99.5% median fidelity with fSim gates. The company made notable progress in sales, securing Novera QPU sales to Montana State University and the UK government in the fourth quarter.

Financially, Rigetti Computing, Inc. (NASDAQ:RGTI) ended the recent Q4 with $217.2 million in cash, which they believe should be sufficient to meet anticipated operating needs for at least the next 3 years. Looking ahead, management remains confident in their plans to scale to 100-plus qubits by the end of the year with a targeted 2x reduction in error rates from the end of 2024 levels. The company believes that superconducting qubits are the winning modality for quantum computers given their fast speeds and scalability. With a 338% stock price return in the last twelve months, RGTI is one of the best multibagger stocks to buy in 2025.