Rigetti Computing (NASDAQ:RGTI) Price Target Lowered to $35.00 at Benchmark

Rigetti Computing (NASDAQ:RGTI) had its price objective reduced by Benchmark from $40.00 to $35.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also issued reports on RGTI. Williams Trading set a $40.00 price objective on Rigetti Computing in a research note on Tuesday, November 11th. Royal Bank Of Canada cut shares of Rigetti Computing to a “hold” rating in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of Rigetti Computing from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Alliance Global Partners reaffirmed a “buy” rating on shares of Rigetti Computing in a research note on Tuesday, November 11th. Finally, Needham & Company LLC dropped their price objective on shares of Rigetti Computing from $51.00 to $31.00 and set a “buy” rating for the company in a report on Thursday. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Rigetti Computing presently has an average rating of “Moderate Buy” and a consensus target price of $32.70.

Rigetti Computing Stock Down 4.4%

RGTI stock opened at $16.97 on Thursday. The business’s 50-day simple moving average is $20.34 and its 200 day simple moving average is $25.75. Rigetti Computing has a twelve month low of $6.86 and a twelve month high of $58.15. The company has a market cap of $5.60 billion, a PE ratio of -24.96 and a beta of 1.71.

Rigetti Computing (NASDAQ:RGTI) last released its quarterly earnings data on Wednesday, March 4th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $1.87 million during the quarter, compared to the consensus estimate of $2.33 million. Rigetti Computing had a negative net margin of 3,111.92% and a negative return on equity of 16.58%. Rigetti Computing’s revenue was down 17.9% compared to the same quarter last year. On average, equities research analysts anticipate that Rigetti Computing will post -0.34 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RGTI. Danske Bank A S bought a new position in Rigetti Computing during the third quarter worth about $30,000. Parallel Advisors LLC increased its holdings in Rigetti Computing by 403.2% during the 3rd quarter. Parallel Advisors LLC now owns 1,087 shares of the company’s stock worth $32,000 after purchasing an additional 871 shares in the last quarter. Clearstead Advisors LLC bought a new position in shares of Rigetti Computing during the third quarter worth about $35,000. Heritage Wealth Advisors grew its stake in shares of Rigetti Computing by 454.3% during the 4th quarter. Heritage Wealth Advisors now owns 1,164 shares of the company’s stock worth $26,000 after acquiring an additional 954 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in Rigetti Computing by 138.4% in the fourth quarter. Larson Financial Group LLC now owns 1,218 shares of the company’s stock valued at $27,000 after purchasing an additional 707 shares in the last quarter. 35.38% of the stock is currently owned by institutional investors.

Rigetti Computing News Roundup

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

• Positive Sentiment: Major technology milestones and product progress (high gate fidelities, chiplet scaling) that support long‑term upside and competitive positioning. Rigetti Computing Reports Fourth Quarter and Full-Year 2025 Financial Results
• Positive Sentiment: New customer orders for on‑prem systems — notably an ~ $8.4M order from India’s C‑DAC and other Novera on‑premises orders — which support near‑term revenue backlog and gov./research demand. Rigetti Computing, Inc. Reports Fourth Quarter and Full-Year 2025 Financial Results
• Positive Sentiment: Balance sheet strength with roughly $590M in cash and liquid investments at year‑end gives the company runway to execute R&D and system deployments. Rigetti Computing, Inc. Reports Fourth Quarter and Full-Year 2025 Financial Results
• Neutral Sentiment: Q4 EPS beat on a narrower loss (GAAP and non‑GAAP), which is constructive for near‑term profitability trends but came with lower revenue; management reiterated technical roadmap and said Q1 revenue growth is expected from shipments. Rigetti Computing, Inc. (RGTI) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Analysts continue to be bullish on the long‑term story (multiple buy/outperform ratings and mid‑to‑high‑$30s/$40s+ targets remain), leaving upside scenarios intact even after the report. Rigetti Computing (RGTI) Stock: Revenue Miss Doesn’t Shake Analyst’s 142% Upside Forecast
• Negative Sentiment: Revenue missed consensus (Q4 revenue ~$1.87–1.9M vs. analyst estimates ~ $2.3M) and was down year‑over‑year — the primary catalyst for the stock weakness as investors focus on near‑term monetization. RGTI Stock Down Despite Q4 Earnings Top Estimates, Revenues Decline Y/Y
• Negative Sentiment: Rising operating expenses produced a larger operating loss and compressed margins, increasing funding/cost concerns despite the cash balance. Rigetti Computing Stock Falls After Earnings. The Quantum Pure Play Faces Key Challenges.
• Negative Sentiment: Some analysts trimmed price targets (e.g., Benchmark, Needham, Mizuho adjustments) and the market reacted with near‑term selling; notable insider and institutional trimming activity was also flagged in data summaries. Rigetti Computing shares slump on Q4 revenue miss

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.