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

Rigetti Computing (NASDAQ:RGTI)‘s stock had its “buy” rating reissued by analysts at Rosenblatt Securities in a report released on Wednesday,Benzinga reports. They currently have a $40.00 target price on the stock. Rosenblatt Securities’ price target indicates a potential upside of 60.06% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Alliance Global Partners reiterated a “buy” rating on shares of Rigetti Computing in a report on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rigetti Computing in a research report on Monday, December 29th. Wedbush initiated coverage on shares of Rigetti Computing in a report on Wednesday, December 17th. They set an “outperform” rating and a $35.00 target price on the stock. Wall Street Zen upgraded Rigetti Computing from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Williams Trading set a $40.00 target price on shares of Rigetti Computing in a report on Tuesday, November 11th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Rigetti Computing has an average rating of “Moderate Buy” and an average price target of $32.10.

Rigetti Computing Stock Performance

NASDAQ RGTI opened at $24.99 on Wednesday. Rigetti Computing has a 52-week low of $6.86 and a 52-week high of $58.15. The company has a 50-day simple moving average of $25.04 and a 200 day simple moving average of $25.25. The company has a market capitalization of $8.25 billion, a PE ratio of -19.22 and a beta of 1.70.

Rigetti Computing (NASDAQ:RGTI) last posted its quarterly 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 company had revenue of $1.95 million for the quarter, compared to analyst estimates of $2.17 million. Rigetti Computing had a negative net margin of 4,741.49% and a negative return on equity of 21.98%. The company’s revenue for the quarter was down 18.1% on a year-over-year basis. As a group, analysts forecast that Rigetti Computing will post -0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Rigetti Computing

A number of institutional investors and hedge funds have recently modified their holdings of RGTI. Vanguard Group Inc. grew its holdings in Rigetti Computing by 40.4% in the 3rd quarter. Vanguard Group Inc. now owns 32,046,477 shares of the company’s stock valued at $954,665,000 after buying an additional 9,228,888 shares in the last quarter. Marex Group plc acquired a new stake in Rigetti Computing in the 2nd quarter valued at approximately $87,414,000. Ameriprise Financial Inc. purchased a new stake in shares of Rigetti Computing in the 2nd quarter valued at $21,887,000. Clear Street Group Inc. purchased a new stake in Rigetti Computing during the third quarter worth about $47,752,000. Finally, UBS Group AG boosted its position in Rigetti Computing by 90.9% in the 3rd quarter. UBS Group AG now owns 3,081,174 shares of the company’s stock valued at $91,788,000 after buying an additional 1,467,483 shares during the period. 35.38% of the stock is owned by institutional investors.

More Rigetti Computing News

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.