Mizuho Issues Pessimistic Forecast for Rigetti Computing (NASDAQ:RGTI) Stock Price

Rigetti Computing (NASDAQ:RGTI) had its target price decreased by stock analysts at Mizuho from $33.00 to $27.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s target price suggests a potential upside of 31.64% from the stock’s previous close.

Several other brokerages also recently weighed in on RGTI. B. Riley Financial upgraded shares of Rigetti Computing from a “neutral” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Thursday, January 22nd. Rosenblatt Securities reissued a “buy” rating and set a $40.00 price target on shares of Rigetti Computing in a research report on Thursday, March 5th. Benchmark cut their target price on shares of Rigetti Computing from $35.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, March 20th. Northland Securities started coverage on shares of Rigetti Computing in a report on Monday, April 20th. They set a “market perform” rating and a $20.00 price target for the company. Finally, Royal Bank Of Canada lowered shares of Rigetti Computing to a “hold” rating in a report on Thursday, January 22nd. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.18.

Rigetti Computing Stock Performance

Shares of Rigetti Computing stock opened at $20.51 on Tuesday. Rigetti Computing has a one year low of $9.85 and a one year high of $58.15. The business’s 50 day moving average price is $16.47 and its 200 day moving average price is $22.05. The company has a market cap of $6.81 billion, a price-to-earnings ratio of -30.16 and a beta of 1.79.

Rigetti Computing (NASDAQ:RGTI) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $4.40 million during the quarter, compared to analysts’ expectations of $4.09 million. Rigetti Computing had a negative net margin of 3,111.92% and a negative return on equity of 14.91%. The firm’s revenue was up 198.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) EPS. On average, analysts predict that Rigetti Computing will post -0.16 EPS for the current fiscal year.

Insider Activity

In other Rigetti Computing news, CTO David Rivas sold 36,719 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $17.52, for a total transaction of $643,316.88. Following the completion of the transaction, the chief technology officer directly owned 651,914 shares of the company’s stock, valued at $11,421,533.28. The trade was a 5.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jeffrey A. Bertelsen sold 4,270 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $17.52, for a total transaction of $74,810.40. Following the transaction, the chief financial officer owned 175,609 shares of the company’s stock, valued at approximately $3,076,669.68. This trade represents a 2.37% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rigetti Computing

Several hedge funds have recently modified their holdings of RGTI. Baader Bank Aktiengesellschaft acquired a new stake in Rigetti Computing in the 1st quarter valued at $245,000. Swiss National Bank lifted its holdings in Rigetti Computing by 2.2% during the 1st quarter. Swiss National Bank now owns 653,300 shares of the company’s stock valued at $9,172,000 after purchasing an additional 14,100 shares during the last quarter. Ascent Wealth Partners LLC increased its stake in shares of Rigetti Computing by 11.4% in the 1st quarter. Ascent Wealth Partners LLC now owns 14,425 shares of the company’s stock valued at $203,000 after acquiring an additional 1,471 shares during the last quarter. PeakShares LLC acquired a new stake in Rigetti Computing in the first quarter worth $28,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Rigetti Computing by 10.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 28,111 shares of the company’s stock valued at $379,000 after buying an additional 2,770 shares in the last quarter. 35.38% of the stock is owned by institutional investors.

Rigetti Computing News Roundup

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

• Positive Sentiment: Rigetti reported Q1 2026 adjusted EPS of -$0.04, beating expectations of -$0.05, and revenue of $4.4 million, above the $4.09 million consensus estimate. Revenue was also up sharply year over year, helped by QPU sales and growing customer adoption. Article Title
• Positive Sentiment: Needham & Company reaffirmed its Buy rating on Rigetti Computing and set a $31 price target, implying meaningful upside from recent trading levels. Article Title
• Positive Sentiment: Investor attention around the stock remained elevated, with unusual call option activity suggesting traders are positioning for more upside after the earnings release. Article Title
• Neutral Sentiment: Rigetti highlighted progress in its quantum roadmap, including the launch of its 108-qubit system and emphasis on customer traction and balance-sheet strength, which supports the long-term story but does not remove near-term uncertainty. Article Title
• Negative Sentiment: Despite the revenue beat, investors remain focused on Rigetti’s ongoing losses and lack of clear near-term profitability, which appears to be weighing on the stock after the report. Article Title

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.