Rigetti Computing (NASDAQ:RGTI) Price Target Raised to $40.00

Rigetti Computing (NASDAQ:RGTI) had its target price lifted by Wedbush from $35.00 to $40.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages also recently weighed in on RGTI. Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 price objective on shares of Rigetti Computing in a research report on Wednesday. Wall Street Zen upgraded shares of Rigetti Computing from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Jefferies Financial Group began coverage on shares of Rigetti Computing in a research report on Tuesday, December 16th. They issued a “hold” rating and a $30.00 price objective on the stock. Alliance Global Partners reissued a “buy” rating on shares of Rigetti Computing in a research report on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Rigetti Computing in a research note on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.60.

Rigetti Computing Stock Down 6.0%

Shares of RGTI stock opened at $23.45 on Wednesday. The firm has a market cap of $7.74 billion, a price-to-earnings ratio of -18.04 and a beta of 1.70. Rigetti Computing has a 52-week low of $6.86 and a 52-week high of $58.15. The company’s 50 day moving average is $24.90 and its 200 day moving average is $25.30.

Rigetti Computing (NASDAQ:RGTI) last announced 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. 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 for the quarter, compared to analysts’ expectations of $2.17 million. The business’s revenue for the quarter was down 18.1% compared to the same quarter last year. Analysts anticipate that Rigetti Computing will post -0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Rothschild Investment LLC grew its holdings in shares of Rigetti Computing by 26.1% during the third quarter. Rothschild Investment LLC now owns 1,665 shares of the company’s stock valued at $50,000 after buying an additional 345 shares during the last quarter. Trust Co. of Toledo NA OH lifted its position in Rigetti Computing by 1.7% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 21,178 shares of the company’s stock worth $631,000 after acquiring an additional 357 shares during the period. Prospera Financial Services Inc grew its stake in Rigetti Computing by 1.0% during the 3rd quarter. Prospera Financial Services Inc now owns 41,789 shares of the company’s stock valued at $1,245,000 after purchasing an additional 419 shares during the last quarter. MAI Capital Management increased its holdings in shares of Rigetti Computing by 17.7% in the third quarter. MAI Capital Management now owns 3,763 shares of the company’s stock valued at $112,000 after purchasing an additional 566 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Rigetti Computing by 25.6% in the third quarter. GAMMA Investing LLC now owns 2,878 shares of the company’s stock worth $86,000 after purchasing an additional 587 shares during the last quarter. Institutional investors and hedge funds own 35.38% of the company’s stock.

Rigetti Computing News Roundup

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

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.