Rigetti Computing, Inc. (NASDAQ:RGTI) Receives Average Recommendation of “Moderate Buy” from Brokerages

by · The Markets Daily

Rigetti Computing, Inc. (NASDAQ:RGTI – Get Free Report) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $32.60.

RGTI has been the subject of a number of recent research reports. Mizuho assumed coverage on shares of Rigetti Computing in a research report on Thursday, December 11th. They set an “outperform” rating and a $50.00 price target for the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 target price on shares of Rigetti Computing in a research note on Wednesday. Alliance Global Partners reiterated a “buy” rating on shares of Rigetti Computing in a report on Tuesday, November 11th. Williams Trading set a $40.00 price target on Rigetti Computing in a research note on Tuesday, November 11th. 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 note on Tuesday, November 11th.

View Our Latest Stock Report on RGTI

Rigetti Computing Stock Down 6.0%

NASDAQ RGTI opened at $23.45 on Friday. The firm has a market capitalization of $7.74 billion, a PE ratio of -18.04 and a beta of 1.70. The stock’s 50 day moving average is $24.90 and its 200 day moving average is $25.38. Rigetti Computing has a twelve month low of $6.86 and a twelve month high of $58.15.

Rigetti Computing (NASDAQ:RGTI – Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.03) earnings per share (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 business had revenue of $1.95 million during the quarter, compared to the consensus estimate of $2.17 million. The business’s revenue for the quarter was down 18.1% on a year-over-year basis. On average, research analysts anticipate that Rigetti Computing will post -0.34 earnings per share for the current year.

Hedge Funds Weigh In On Rigetti Computing

A number of hedge funds have recently bought and sold shares of the company. Danske Bank A S purchased a new position in Rigetti Computing in the third quarter worth about $30,000. Parallel Advisors LLC increased its position in shares of Rigetti Computing by 403.2% during the third quarter. Parallel Advisors LLC now owns 1,087 shares of the company’s stock valued at $32,000 after acquiring an additional 871 shares in the last quarter. Clearstead Advisors LLC bought a new stake in shares of Rigetti Computing during the third quarter valued at approximately $35,000. Ancora Advisors LLC purchased a new position in Rigetti Computing in the 3rd quarter worth approximately $38,000. Finally, Fifth Third Bancorp lifted its position in Rigetti Computing by 13,960.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,406 shares of the company’s stock valued at $42,000 after acquiring an additional 1,396 shares in the last quarter. Institutional investors own 35.38% of the company’s stock.

Rigetti Computing News Summary

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

  • Positive Sentiment: B. Riley upgraded RGTI from Neutral to Buy, which lifted the stock in prior sessions and signals renewed analyst optimism around growth prospects and execution. Rigetti rises after upgrade at B. Riley
  • Positive Sentiment: Rosenblatt initiated coverage with a Buy rating and a $40 price target, praising Rigetti’s modular qubit-scaling approach and in-house fabrication — this adds another institutional bullish voice. Rosenblatt Initiates Coverage of Rigetti Computing (RGTI) Stock
  • Positive Sentiment: Rigetti won an $8.4M order from India’s C‑DAC for a 108‑qubit system — a concrete commercial contract that validates near‑term revenue potential and helped recent upward momentum. RGTI Stock To $50?
  • Neutral Sentiment: Several analysts and articles suggest upside (one piece cites a ~40% rally potential), but these views depend on execution milestones and broader quantum market adoption; they are bullish in thesis but conditional. This Analyst Thinks Rigetti Stock Could Climb 40% — Should You Buy RGTI Now?
  • Neutral Sentiment: Comparisons to peers (e.g., D‑Wave) highlight differing roadmaps — gate‑model vs. annealing/near‑term commercialization — which makes RGTI a higher‑upside, higher‑risk choice depending on investor time horizon. Rigetti vs. D-Wave: Which Quantum Computing Stock Is the Better Pick?
  • Negative Sentiment: Counterbalancing the optimism, commentary points to a “major disconnect with Wall Street” around valuation and execution risks; that skepticism can pressure shares when upbeat catalysts fade. Rigetti: Major Disconnect With Wall Street
  • Negative Sentiment: Fundamentals remain a drag: very low revenue, declining top line vs. year-ago, and large negative margins/ROE — plus the stock sits below its 50‑ and 200‑day averages — leaving RGTI vulnerable to profit‑taking and broader market weakness.

About Rigetti Computing

(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.

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.

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