Rigetti Computing (NASDAQ:RGTI) Stock Rating Upgraded by Rosenblatt Securities

Rigetti Computing (NASDAQ:RGTI) was upgraded by research analysts at Rosenblatt Securities to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other brokerages also recently issued reports on RGTI. Wall Street Zen upgraded shares of Rigetti Computing from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Mizuho began coverage on shares of Rigetti Computing in a research note on Thursday, December 11th. They set an “outperform” rating and a $50.00 target price for the company. Jefferies Financial Group started coverage on shares of Rigetti Computing in a research report on Tuesday, December 16th. They set a “hold” rating and a $30.00 price target on the stock. B. Riley decreased their price target on Rigetti Computing from $42.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Finally, Benchmark lowered their price objective on Rigetti Computing from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Rigetti Computing has an average rating of “Moderate Buy” and an average target price of $32.10.

Rigetti Computing Trading Down 4.0%

Shares of RGTI opened at $24.70 on Wednesday. The stock’s 50-day moving average price is $25.48 and its two-hundred day moving average price is $24.80. Rigetti Computing has a 12 month low of $6.86 and a 12 month high of $58.15. The company has a market capitalization of $8.15 billion, a PE ratio of -19.00 and a beta of 1.70.

Rigetti Computing (NASDAQ:RGTI) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Rigetti Computing had a negative return on equity of 21.98% and a negative net margin of 4,741.49%.The company had revenue of $1.95 million for the quarter, compared to analyst estimates of $2.17 million. The firm’s quarterly revenue was down 18.1% on a year-over-year basis. Equities research analysts predict that Rigetti Computing will post -0.34 EPS for the current fiscal year.

Institutional Trading of Rigetti Computing

Large investors have recently made changes to their positions in the company. Rothschild Investment LLC raised its stake in Rigetti Computing by 26.1% during the 3rd quarter. Rothschild Investment LLC now owns 1,665 shares of the company’s stock worth $50,000 after buying an additional 345 shares during the period. Trust Co. of Toledo NA OH increased its holdings in shares of Rigetti Computing by 1.7% during the third quarter. Trust Co. of Toledo NA OH now owns 21,178 shares of the company’s stock valued at $631,000 after acquiring an additional 357 shares in the last quarter. Prospera Financial Services Inc raised its position in shares of Rigetti Computing by 1.0% during the third quarter. Prospera Financial Services Inc now owns 41,789 shares of the company’s stock worth $1,245,000 after purchasing an additional 419 shares during the period. MAI Capital Management lifted its holdings in shares of Rigetti Computing by 17.7% in the 3rd quarter. MAI Capital Management now owns 3,763 shares of the company’s stock worth $112,000 after purchasing an additional 566 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Rigetti Computing by 25.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,878 shares of the company’s stock valued at $86,000 after purchasing an additional 587 shares during the period. 35.38% of the stock is currently owned by institutional investors and hedge funds.

Key Rigetti Computing News

Here are the key news stories impacting Rigetti Computing this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage on Rigetti with a Buy rating and a $40 price target (about a 61.9% upside from current levels), calling Rigetti a top quantum pick. This new coverage is a clear bullish catalyst for the shares. Read More.
• Positive Sentiment: Mizuho reiterated its Buy rating on Rigetti, reinforcing institutional analyst support and providing a second underwriter backing the name. Such confirmations can sustain investor interest during pullbacks. Read More.
• Positive Sentiment: Financial press coverage (Barron’s, Benzinga) is highlighting the new bullish analyst views on quantum names including Rigetti, increasing visibility among retail and institutional investors. Read More.
• Neutral Sentiment: Aggregated analyst notes show several firms actively covering Rigetti; consolidation of coverage is neutral until models or targets materially change. Read More.
• Negative Sentiment: Zacks reports the stock declined in today’s session (closing at $24.70), pointing to short-term selling pressure despite the analyst headlines — a sign of profit-taking or market rotation away from speculative names. Read More.
• Negative Sentiment: Seeking Alpha published a critical take calling Rigetti a “falling knife” and warning against buying the dip — this type of narrative can amplify selling pressure among more risk-averse investors. Read More.
• Negative Sentiment: Underlying fundamentals remain a concern: recent quarter showed a revenue miss, year-over-year revenue decline, and very large negative margins and losses — factors that limit the comfort level for investors despite bullish analyst notes.

About Rigetti Computing

Rigetti Computing is a pioneering quantum computing company that designs and manufactures superconducting quantum processors alongside a complementary software stack. Founded in 2013 by CEO Chad Rigetti, the company has developed end-to-end quantum systems—from cryogenic hardware to control electronics—to advance the performance and scalability of quantum machines.

At the core of Rigetti’s offering is its Quantum Cloud Services (QCS) platform, which enables developers and enterprises to access quantum processing units (QPUs) and hybrid quantum-classical workflows via the cloud.