Rigetti Computing (NASDAQ:RGTI) Research Coverage Started at Wedbush

Wedbush assumed coverage on shares of Rigetti Computing (NASDAQ:RGTI) in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $40.00 price objective on the stock.

Other equities research analysts have also issued reports about the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 price target on shares of Rigetti Computing in a report on Thursday, June 11th. Weiss Ratings raised Rigetti Computing from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 21st. Northland Securities initiated coverage on Rigetti Computing in a report on Monday, April 20th. They issued a “market perform” rating and a $20.00 price target for the company. Needham & Company LLC restated a “buy” rating and set a $31.00 price objective on shares of Rigetti Computing in a research note on Tuesday, May 12th. Finally, Wall Street Zen raised Rigetti Computing from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Rigetti Computing Stock Performance

Shares of NASDAQ:RGTI opened at $16.78 on Monday. The business’s 50-day simple moving average is $18.64 and its 200 day simple moving average is $18.13. The company has a market cap of $5.58 billion, a P/E ratio of -19.29 and a beta of 1.99. Rigetti Computing has a one year low of $12.53 and a one year high of $58.15.

Rigetti Computing (NASDAQ:RGTI) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $4.40 million during the quarter, compared to analysts’ expectations of $4.09 million. Rigetti Computing had a negative return on equity of 10.40% and a negative net margin of 2,789.71%.Rigetti Computing’s quarterly revenue was up 198.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) EPS. Analysts predict that Rigetti Computing will post -0.22 earnings per share for the current year.

Insider Activity

In related news, CTO David Rivas sold 499,328 shares of Rigetti Computing stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $25.40, for a total value of $12,682,931.20. Following the completion of the transaction, the chief technology officer directly owned 325,945 shares in the company, valued at approximately $8,279,003. This trade represents a 60.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffrey A. Bertelsen sold 3,682 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $22.95, for a total value of $84,501.90. Following the completion of the sale, the chief financial officer directly owned 171,927 shares of the company’s stock, valued at approximately $3,945,724.65. This represents a 2.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 728,901 shares of company stock worth $17,546,343. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Heritage Wealth Advisors increased its holdings in shares of Rigetti Computing by 454.3% in the 4th quarter. Heritage Wealth Advisors now owns 1,164 shares of the company’s stock valued at $26,000 after acquiring an additional 954 shares during the last quarter. Larson Financial Group LLC lifted its stake in Rigetti Computing by 138.4% during the fourth quarter. Larson Financial Group LLC now owns 1,218 shares of the company’s stock worth $27,000 after purchasing an additional 707 shares during the last quarter. PeakShares LLC bought a new position in Rigetti Computing during the first quarter worth $28,000. EFG International AG acquired a new position in Rigetti Computing in the fourth quarter worth $28,000. Finally, Tsfg LLC increased its stake in Rigetti Computing by 320.5% during the fourth quarter. Tsfg LLC now owns 1,312 shares of the company’s stock valued at $29,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 35.38% of the company’s stock.

Key Headlines Impacting Rigetti Computing

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

• Positive Sentiment: Rigetti is joining Hewlett Packard Enterprise and the Pittsburgh Supercomputing Center on a $5 million National Science Foundation-backed hybrid quantum-classical testbed. Construction is scheduled to begin in September 2026, providing technical validation and potential exposure to future high-performance-computing deployments. Rigetti Expands Hybrid Quantum HPC Push With New NSF Project
• Positive Sentiment: Rigetti’s second-quarter report is due tomorrow. Investors will focus on bookings, revenue growth and evidence that the company is converting quantum-computing interest into commercial business. Its latest reported quarter showed revenue growth of nearly 199% year over year, although from a small base. QBTS & RGTI Q2 Earnings Tomorrow: Which Quantum Stock Is a Better Buy?
• Neutral Sentiment: Wedbush initiated coverage of Rigetti, potentially increasing institutional attention, but the available report details do not specify the firm’s rating or price target. Rigetti Computing Coverage Initiated at Wedbush
• Neutral Sentiment: IonQ’s nearly quadrupled second-quarter revenue offers a favorable industry read-through, but its acquisition and differing business profile limit the direct implications for RGTI. IonQ Kicks Off Quantum Earnings Season as Revenue Nearly Quadruples
• Negative Sentiment: Quantum stocks have lagged in 2026 as investors question high valuations and the pace of commercialization. Continued retail enthusiasm has not fully offset those concerns, leaving RGTI particularly sensitive to any disappointing earnings outlook or weak bookings. Quantum Stocks Lag in 2026, But Retail Traders Continue to Buy the Quantum Vision

Rigetti Computing Company Profile

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.