Rigetti Computing (NASDAQ:RGTI) Earns “Buy” Rating from Rosenblatt Securities

Rigetti Computing (NASDAQ:RGTI)‘s stock had its “buy” rating restated by equities researchers at Rosenblatt Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $40.00 target price on the stock. Rosenblatt Securities’ price objective would indicate a potential upside of 125.23% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. Needham & Company LLC cut their price target on shares of Rigetti Computing from $51.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday. Mizuho reduced their target price on shares of Rigetti Computing from $50.00 to $43.00 and set an “outperform” rating for the company in a research report on Thursday. Alliance Global Partners restated a “buy” rating on shares of Rigetti Computing in a research note on Tuesday, November 11th. Wall Street Zen cut shares of Rigetti Computing from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Finally, Jefferies Financial Group assumed coverage on Rigetti Computing in a report on Tuesday, December 16th. They set a “hold” rating and a $30.00 price objective for the company. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $33.20.

Rigetti Computing Stock Up 4.7%

Rigetti Computing stock opened at $17.76 on Thursday. Rigetti Computing has a 52 week low of $6.86 and a 52 week high of $58.15. The company’s 50 day moving average price is $20.49 and its two-hundred day moving average price is $25.81. The stock has a market cap of $5.86 billion, a P/E ratio of -13.66 and a beta of 1.71.

Rigetti Computing (NASDAQ:RGTI) last released its earnings results on Wednesday, March 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company had revenue of $1.87 million during the quarter, compared to analyst estimates of $2.33 million. Rigetti Computing had a negative return on equity of 21.98% and a negative net margin of 4,741.49%.Rigetti Computing’s quarterly revenue was down 17.9% on a year-over-year basis. On average, equities analysts anticipate that Rigetti Computing will post -0.34 EPS for the current year.

Hedge Funds Weigh In On Rigetti Computing

Large investors have recently made changes to their positions in the stock. Osaic Holdings Inc. lifted its position in Rigetti Computing by 119.2% in the 2nd quarter. Osaic Holdings Inc. now owns 260,307 shares of the company’s stock worth $3,087,000 after buying an additional 141,541 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of Rigetti Computing by 24.2% during the second quarter. Teacher Retirement System of Texas now owns 43,260 shares of the company’s stock worth $513,000 after acquiring an additional 8,419 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Rigetti Computing by 43.8% in the 3rd quarter. Penserra Capital Management LLC now owns 2,445,818 shares of the company’s stock worth $72,860,000 after acquiring an additional 744,577 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Rigetti Computing by 16.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 195,159 shares of the company’s stock valued at $2,315,000 after purchasing an additional 27,422 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Rigetti Computing by 18.3% during the 2nd quarter. Swiss National Bank now owns 546,100 shares of the company’s stock valued at $6,477,000 after purchasing an additional 84,300 shares during the last quarter. 35.38% of the stock is owned by institutional investors.

Key Headlines Impacting Rigetti Computing

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

• Positive Sentiment: Confirmed customer orders and backlog: Rigetti announced an ~ $8.4M purchase order from India’s C‑DAC for a 108‑qubit on‑premises system and has ~$5.7M of Novera on‑premises orders that the company expects to start shipping in Q1, supporting near‑term revenue upside. Quiver AI / Press Release
• Positive Sentiment: Technology milestones reinforce long‑term thesis: Rigetti reported very high gate fidelities (two‑qubit up to 99.9% on a prototype, median two‑qubit fidelities ~99%‑99.7% across systems) and demonstrated chiplet tiling as a scalable architecture — progress that investors view as validation of the company’s product roadmap. GlobeNewswire Press Release
• Positive Sentiment: Strong liquidity position: Cash, cash equivalents and available‑for‑sale investments totaled roughly $590M at year‑end, giving the company runway to continue R&D and fulfill order shipments. Quiver AI / Press Release
• Neutral Sentiment: Earnings call and investor commentary highlighted technical progress and roadmap execution while management guided to Q1 year‑over‑year revenue growth driven by shipments — but provided no material upside to near‑term profitability. Yahoo Finance: Earnings Call Highlights
• Neutral Sentiment: Industry/partnership momentum: Coverage notes partnerships (NVIDIA, Riverlane, Quanta, QphoX) and strategic positioning for hybrid classical‑quantum deployments — supportive for long‑term market share but not an immediate revenue fix. Zacks: Partnerships & Orders
• Negative Sentiment: Revenue miss and declining top line: Q4 revenue was $1.87–1.9M (down ~18% YoY) vs. analyst estimates near $2.33M, and the company flagged revenue pressure — a clear near‑term negative for valuation. Yahoo Finance: Q4 Loss, Lags Revenue Estimates
• Negative Sentiment: Large operating and GAAP net losses: Q4 operating loss widened to $22.6M and 2025 GAAP net loss was ~$216M; non‑GAAP losses are smaller but the company remains unprofitable, keeping valuation tied to future technical execution and order conversion. GlobeNewswire Press Release
• Negative Sentiment: Market reaction and insider selling: Coverage notes the stock dropped after earnings and Quiver highlights extensive insider sales in recent months, which can weigh on sentiment. Barron’s: Stock Falls After Earnings

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.