Rigetti Computing (NASDAQ:RGTI) Given Buy Rating at Rosenblatt Securities

Rigetti Computing (NASDAQ:RGTI)‘s stock had its “buy” rating reiterated by analysts at Rosenblatt Securities in a research note issued on Wednesday,Benzinga reports. They presently have a $40.00 price objective on the stock. Rosenblatt Securities’ price objective would indicate a potential upside of 60.06% from the company’s previous close.

A number of other equities analysts have also recently weighed in on RGTI. Mizuho assumed coverage on Rigetti Computing in a report on Thursday, December 11th. They issued an “outperform” rating and a $50.00 price target for the company. Benchmark lowered their target price on Rigetti Computing from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. B. Riley decreased their target price on Rigetti Computing from $42.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rigetti Computing in a research report on Monday, December 29th. Finally, Williams Trading set a $40.00 price target on Rigetti Computing in a research report on Tuesday, November 11th. Seven research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.10.

Rigetti Computing Trading Down 2.5%

Shares of RGTI stock opened at $24.99 on Wednesday. The business’s 50 day moving average is $25.04 and its two-hundred day moving average is $25.25. Rigetti Computing has a twelve month low of $6.86 and a twelve month high of $58.15. The company has a market capitalization of $8.25 billion, a P/E ratio of -19.22 and a beta of 1.70.

Rigetti Computing (NASDAQ:RGTI) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.03) earnings per share 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 firm had revenue of $1.95 million for the quarter, compared to analyst estimates of $2.17 million. The company’s quarterly revenue was down 18.1% compared to the same quarter last year. As a group, equities analysts predict that Rigetti Computing will post -0.34 earnings per share for the current fiscal year.

Institutional Trading of Rigetti Computing

A number of institutional investors and hedge funds have recently bought and sold shares of RGTI. Osaic Holdings Inc. increased its stake in Rigetti Computing by 119.2% during the 2nd quarter. Osaic Holdings Inc. now owns 260,307 shares of the company’s stock valued at $3,087,000 after purchasing an additional 141,541 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Rigetti Computing during the second quarter valued at about $392,000. Avior Wealth Management LLC purchased a new stake in shares of Rigetti Computing during the second quarter worth $121,000. Cavalier Investments LLC bought a new position in shares of Rigetti Computing in the second quarter valued at approximately $589,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Rigetti Computing during the second quarter valued at $217,000. 35.38% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Rigetti Computing

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

• Positive Sentiment: Won an $8.4 million purchase order from India’s C‑DAC for a 108‑qubit system — provides a concrete near‑term commercial contract, regional presence via Rigetti India, and immediate revenue recognition potential. Rigetti Announces Order for a 108‑Qubit Quantum Computer
• Positive Sentiment: Chiplet strategy showing real technical progress: 36‑qubit units have hit ~99.5% fidelity, which supports management’s multi‑chip path toward 1,000+ qubits by 2027 — a constructive R&D milestone that could de‑risk scaling. Is Rigetti’s Chiplet Strategy Accelerating the 1,000‑Qubit Roadmap?
• Positive Sentiment: Ongoing partnerships (e.g., Air Force Research Lab, Nvidia) and last year’s strong share gains highlight investor enthusiasm for Rigetti’s commercial pathway and ecosystem positioning. Why Rigetti Computing Stock Soared
• Neutral Sentiment: Balanced write‑ups note the India order and roadmap update together — useful context for shareholders weighing short‑term revenue versus roadmap timing. What Rigetti’s Quantum Roadmap Delay and India Deployment Deal Means
• Neutral Sentiment: Valuation debate: commentary asks whether RGTI’s multi‑year surge already prices in success, highlighting wide analyst opinion and the need to watch future revenue trends. Is Rigetti Still Reasonably Priced?
• Negative Sentiment: Management pushed back general availability of the Cepheus‑1 108‑qubit system to the end of Q1 to reach the 99.5% two‑qubit fidelity target — a schedule slip that creates short‑term uncertainty and opened a window for competitors. 3 Key Ways D‑Wave Is Developing an Advantage
• Negative Sentiment: Fundamental concerns remain: revenue declined ~18% y/y last reported, margins are negative, and some analysts warn the stock is overhyped relative to current sales — factors that can fuel profit‑taking and higher short interest. Rigetti Computing: Too Much Hype

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.