Mizuho Has Lowered Expectations for Rigetti Computing (NASDAQ:RGTI) Stock Price

Rigetti Computing (NASDAQ:RGTI) had its price objective lowered by research analysts at Mizuho from $50.00 to $43.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price would indicate a potential upside of 152.79% from the company’s current price.

RGTI has been the subject of a number of other research reports. Wall Street Zen cut shares of Rigetti Computing from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. 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 target for the company. TD Cowen downgraded shares of Rigetti Computing from a “buy” rating to a “hold” rating in a research note on Thursday, February 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 price objective on shares of Rigetti Computing in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada cut Rigetti Computing to a “hold” rating in a research note on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Rigetti Computing has a consensus rating of “Moderate Buy” and a consensus price target of $32.70.

Rigetti Computing Trading Up 0.2%

RGTI stock opened at $17.01 on Thursday. The business’s fifty day moving average price is $20.24 and its 200 day moving average price is $25.75. Rigetti Computing has a 12-month low of $6.86 and a 12-month high of $58.15. The company has a market capitalization of $5.61 billion, a PE ratio of -25.01 and a beta of 1.71.

Rigetti Computing (NASDAQ:RGTI) last announced its earnings results on Wednesday, March 4th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $1.87 million during the quarter, compared to analysts’ expectations of $2.33 million. Rigetti Computing had a negative return on equity of 14.91% and a negative net margin of 3,111.92%.Rigetti Computing’s revenue for the quarter was down 17.9% compared to the same quarter last year. Research analysts predict that Rigetti Computing will post -0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Rigetti Computing by 106.2% in the 1st quarter. Royal Bank of Canada now owns 220,701 shares of the company’s stock valued at $1,748,000 after purchasing an additional 113,644 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Rigetti Computing by 138.9% during the 1st quarter. AQR Capital Management LLC now owns 81,047 shares of the company’s stock worth $642,000 after purchasing an additional 47,115 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Rigetti Computing by 25.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,409 shares of the company’s stock worth $890,000 after purchasing an additional 22,770 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Rigetti Computing by 197.8% during the first quarter. NewEdge Advisors LLC now owns 25,592 shares of the company’s stock worth $203,000 after purchasing an additional 16,998 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Rigetti Computing during the first quarter worth $3,115,000. Institutional investors and hedge funds own 35.38% of the company’s stock.

Key Stories Impacting Rigetti Computing

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

• Positive Sentiment: Management highlighted technical progress (including work toward larger qubit systems such as a 108‑qubit roadmap) and other R&D milestones that support the company’s long‑term growth narrative. Earnings Call Highlights
• Positive Sentiment: Rigetti beat EPS estimates for Q4 (reported -$0.03 vs. consensus -$0.05), narrowing losses year‑over‑year — a data point some investors view as evidence of improving unit economics if operating costs are controlled. Zacks: Q4 Results
• Positive Sentiment: Analyst coverage remains constructive: several firms reaffirmed buy/outperform ratings or maintained large upside price targets (Rosenblatt, Benchmark, Mizuho, Needham), signaling continued institutional conviction despite the quarter. Analyst Reaction / Upside Notes
• Neutral Sentiment: Broader industry optimism persists — Wall Street continues to treat quantum pure‑plays as early‑stage, high‑upside thematic investments even as trajectories remain uncertain; that macro sentiment can buffer short‑term weakness. Industry Primer
• Neutral Sentiment: New entrants and rival moves matter: a competing firm (Horizon Quantum) is set to go public via a SPAC, which could change competitive dynamics and investor comparisons in the near term. Competitor IPO
• Negative Sentiment: Revenue miss and margin pressure: Q4 revenue of ~$1.87M fell well short of analyst estimates (consensus ~\$2.3M), revenue declined year‑over‑year and operating losses widened as opex rose — the principal reason shares sold off after the print. Revenue Miss & Margins
• Negative Sentiment: Near‑term sentiment turned negative as investors and some desks pared outlooks and digested the revenue shortfall; several headlines and trading desks noted the stock slid after the report. Market Reaction

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.