Rigetti Computing (NASDAQ:RGTI) Shares Up 2.9% – Time to Buy?

Rigetti Computing, Inc. (NASDAQ:RGTI) traded up 2.9% during trading on Tuesday . The company traded as high as $16.73 and last traded at $16.48. 24,547,833 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 31,582,266 shares. The stock had previously closed at $16.02.

Rigetti Computing News Summary

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

• Positive Sentiment: Rigetti received an $8.4 million order to deliver a 108‑qubit system to India, demonstrating commercial traction and international demand for its hardware — a clear near-term revenue and credibility catalyst. Rigetti Quantum Deal In India Highlights Valuation Gap And Growth Hopes
• Positive Sentiment: Strong earnings from peer IonQ and upbeat guidance across the sector have driven investor attention to quantum names, producing positive spillover buying for Rigetti despite IonQ being the direct beneficiary of the headlines. IonQ Stock Jumps 22% on Earnings
• Positive Sentiment: Analyst comparisons highlight Rigetti’s “bold hardware roadmap” and recent orders versus IonQ’s revenue surge, reinforcing a narrative that Rigetti retains upside based on product-led commercial progress. Rigetti vs. IonQ: Which Quantum Computing Stock Has More Upside?
• Neutral Sentiment: Rigetti is entering earnings season with an upcoming release noted by market calendars; scheduled results can boost volatility in either direction depending on guidance and order commentary. Rigetti Computing (RGTI) to Release Earnings on Wednesday
• Neutral Sentiment: Sector reporting from D‑Wave showing improving metrics (order strength despite a revenue miss) keeps investor focus on commercialization progress across multiple vendors rather than on any single company. D-Wave Quantum Stock Rises on Earnings
• Negative Sentiment: Commentary warning that the “quantum computing hype could cool off in 2026” raises the risk of a sector-wide re-rating if proof points (revenue, margins, customer deployments) don’t accelerate quickly — a headwind for speculative names like RGTI. Prediction: The Quantum Computing Hype Could Cool Off in 2026
• Negative Sentiment: Analysts pointing to IonQ’s large capital raise and accelerating revenue emphasize competitive differentiation; persistent outperformance at peers could pressure RGTI’s relative valuation if Rigetti doesn’t match topline growth or funding access. Rigetti vs. IonQ: Which Quantum Computing Stock Has More Upside?

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Rosenblatt Securities reissued a “buy” rating and issued a $40.00 price target on shares of Rigetti Computing in a research note on Wednesday, January 21st. Royal Bank Of Canada downgraded shares of Rigetti Computing to a “hold” rating in a research report on Thursday, January 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Rigetti Computing in a report on Monday, December 29th. Mizuho began coverage on shares of Rigetti Computing in a report on Thursday, December 11th. They issued an “outperform” rating and a $50.00 price objective for the company. Finally, Wedbush raised their target price on Rigetti Computing from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.60.

Rigetti Computing Trading Up 5.7%

The firm has a 50-day moving average of $21.10 and a two-hundred day moving average of $25.73. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of -14.34 and a beta of 1.69.

Institutional Investors Weigh In On Rigetti Computing

Several hedge funds and other institutional investors have recently modified their holdings of RGTI. Rothschild Investment LLC increased its position in Rigetti Computing by 26.1% during the third quarter. Rothschild Investment LLC now owns 1,665 shares of the company’s stock worth $50,000 after acquiring an additional 345 shares during the period. Trust Co. of Toledo NA OH grew its position in Rigetti Computing by 1.7% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 21,178 shares of the company’s stock worth $631,000 after purchasing an additional 357 shares during the last quarter. Prospera Financial Services Inc increased its holdings in shares of Rigetti Computing by 1.0% during the 3rd quarter. Prospera Financial Services Inc now owns 41,789 shares of the company’s stock worth $1,245,000 after purchasing an additional 419 shares during the period. Kestra Private Wealth Services LLC raised its position in shares of Rigetti Computing by 1.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 37,534 shares of the company’s stock valued at $831,000 after buying an additional 535 shares during the last quarter. Finally, MAI Capital Management raised its position in shares of Rigetti Computing by 17.7% during the third quarter. MAI Capital Management now owns 3,763 shares of the company’s stock valued at $112,000 after buying an additional 566 shares during the last quarter. Institutional investors and hedge funds own 35.38% of the company’s stock.

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.