Rigetti Computing (NASDAQ:RGTI) Shares Up 1.5% – Should You Buy?

06 Jan 2026, 18:46 by Scott Moore · The Cerbat Gem

Shares of Rigetti Computing, Inc. (NASDAQ:RGTI – Get Free Report) rose 1.5% on Tuesday . The company traded as high as $25.66 and last traded at $25.38. Approximately 30,217,911 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 35,692,160 shares. The stock had previously closed at $25.01.

Analysts Set New Price Targets

RGTI has been the topic of a number of recent research reports. Williams Trading set a $40.00 target price on Rigetti Computing in a research report on Tuesday, November 11th. Wall Street Zen upgraded shares of Rigetti Computing from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Alliance Global Partners reaffirmed a “buy” rating on shares of Rigetti Computing in a report on Tuesday, November 11th. Benchmark reduced their target price on shares of Rigetti Computing from $50.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Rigetti Computing in a research report on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.22.

View Our Latest Research Report on RGTI

Rigetti Computing Stock Performance

The firm has a market cap of $8.38 billion, a price-to-earnings ratio of -19.52 and a beta of 1.70. The business’s 50 day moving average price is $27.65 and its 200 day moving average price is $24.20.

Rigetti Computing (NASDAQ:RGTI – Get Free Report) last posted its earnings results on Monday, November 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The firm had revenue of $1.95 million during the quarter, compared to analysts’ expectations of $2.17 million. Rigetti Computing had a negative net margin of 4,741.49% and a negative return on equity of 21.98%. Rigetti Computing’s quarterly revenue was down 18.1% on a year-over-year basis. Sell-side analysts anticipate that Rigetti Computing, Inc. will post -0.34 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Helene Gail Sandford sold 62,000 shares of the firm’s stock in a transaction dated Friday, October 17th. The stock was sold at an average price of $44.89, for a total transaction of $2,783,180.00. Following the sale, the director directly owned 120,371 shares in the company, valued at $5,403,454.19. This trade represents a 34.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Hedge Funds Weigh In On Rigetti Computing

A number of hedge funds have recently bought and sold shares of the business. IFP Advisors Inc increased its position in shares of Rigetti Computing by 96.5% in the third quarter. IFP Advisors Inc now owns 4,304 shares of the company’s stock valued at $128,000 after buying an additional 2,114 shares in the last quarter. Swiss Life Asset Management Ltd acquired a new stake in Rigetti Computing in the 3rd quarter valued at $433,000. Strategic Advocates LLC grew its stake in Rigetti Computing by 10.4% in the 3rd quarter. Strategic Advocates LLC now owns 23,921 shares of the company’s stock valued at $713,000 after acquiring an additional 2,259 shares during the period. CIBC Private Wealth Group LLC increased its holdings in Rigetti Computing by 66.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,993 shares of the company’s stock worth $59,000 after acquiring an additional 793 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in Rigetti Computing during the third quarter worth $1,015,000. Hedge funds and other institutional investors own 35.38% of the company’s stock.

Rigetti Computing Company Profile

(Get Free Report)

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.