Rigetti Computing, Inc. (NASDAQ:RGTI) Receives $32.10 Average Price Target from Analysts

Rigetti Computing, Inc. (NASDAQ:RGTI) has been given a consensus recommendation of “Moderate Buy” by the ten research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $32.10.

RGTI has been the subject of a number of research reports. Mizuho began coverage on shares of Rigetti Computing in a report on Thursday, December 11th. They set an “outperform” rating and a $50.00 target price for the company. Williams Trading set a $40.00 price objective on shares of Rigetti Computing in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rigetti Computing in a report on Monday, December 29th. Wedbush began coverage on shares of Rigetti Computing in a research note on Wednesday, December 17th. They issued an “outperform” rating and a $35.00 target price on the stock. Finally, Benchmark lowered their target price on Rigetti Computing from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th.

Rigetti Computing News Roundup

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

• Positive Sentiment: Chiplet progress appears to materially de‑risk Rigetti’s scaling path: Zacks reports Rigetti’s 36‑qubit chiplets hitting ~99.5% fidelity and outlines a clearer roadmap toward 1,000+ qubits by 2027, which supports long‑term product credibility and upside if milestones hold. Is Rigetti’s Chiplet Strategy Accelerating the 1,000-Qubit Roadmap?
• Positive Sentiment: Commercial validation: Rigetti India received an $8.4M purchase order for a 108‑qubit system from C‑DAC (India’s ministry R&D body), a notable revenue/contract win that shows customer demand and supports near‑term revenue recognition. Rigetti Announces Order for a 108-Qubit Quantum Computer from C-DAC
• Neutral Sentiment: Analyst and media debate on valuation and relative upside: comparative pieces (QUBT vs RGTI) and valuation checks note Rigetti’s big run vs peers and highlight that upside depends on manufacturing scale, contracts and cash — factors that cut both ways. QUBT vs. RGTI: Which Quantum Computing Stock Offers Greater Upside?
• Neutral Sentiment: Investor caution pieces and large historic rallies are prompting reassessments of whether RGTI’s recent gains are priced for perfection; some outlets urge waiting for a better entry despite technology progress. Quantum Computing Stocks … Reality Check
• Negative Sentiment: Timing and competitive pressure: MarketBeat and others note Rigetti pushed back general availability of its Cepheus‑1‑108Q launch to ensure target fidelity, and D‑Wave’s recent technical/strategic advances and acquisitions could shift investor preference toward competitors. Delay + competition raise near‑term risk. 3 Key Ways D-Wave Is Developing an Advantage in Quantum Computing
• Negative Sentiment: Financials and hype concerns: recent quarter showed revenue down ~18% YoY (small absolute revenue base) and wide negative margins; multiple cautionary articles flag elevated valuation after a large multi‑year surge, contributing to profit‑taking and higher short interest. Is Rigetti Computing (RGTI) Still Reasonably Priced…

Rigetti Computing Price Performance

NASDAQ RGTI opened at $24.99 on Friday. The stock’s 50 day simple moving average is $25.04 and its 200-day simple moving average is $25.25. The company has a market cap of $8.25 billion, a PE ratio of -19.22 and a beta of 1.70. Rigetti Computing has a 1-year low of $6.86 and a 1-year high of $58.15.

Rigetti Computing (NASDAQ:RGTI) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The firm had revenue of $1.95 million during the quarter, compared to the consensus estimate of $2.17 million. Rigetti Computing had a negative return on equity of 21.98% and a negative net margin of 4,741.49%.The firm’s quarterly revenue was down 18.1% on a year-over-year basis. On average, equities research analysts anticipate that Rigetti Computing will post -0.34 EPS for the current fiscal year.

Institutional Trading of Rigetti Computing

Several large investors have recently added to or reduced their stakes in RGTI. IFP Advisors Inc raised its holdings in Rigetti Computing by 146.1% in the 2nd quarter. IFP Advisors Inc now owns 2,190 shares of the company’s stock valued at $26,000 after buying an additional 1,300 shares during the period. Danske Bank A S purchased a new position in Rigetti Computing during 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 during the last quarter. Armstrong Advisory Group Inc. raised its stake in shares of Rigetti Computing by 225.4% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 2,974 shares of the company’s stock valued at $35,000 after acquiring an additional 2,060 shares during the period. Finally, Clearstead Advisors LLC purchased a new stake in shares of Rigetti Computing in the 3rd quarter valued at approximately $35,000. 35.38% of the stock is currently owned by hedge funds and other institutional investors.

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.