Rigetti Computing, Inc. (NASDAQ:RGTI) Receives Consensus Rating of “Moderate Buy” from Brokerages

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

Several brokerages have issued reports on RGTI. B. Riley dropped their price target on Rigetti Computing from $42.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Alliance Global Partners reaffirmed a “buy” rating on shares of Rigetti Computing in a research note on Tuesday, November 11th. Rosenblatt Securities initiated coverage on Rigetti Computing in a research report on Thursday. They issued a “buy” rating and a $40.00 target price for the company. Benchmark lowered their target price on shares of Rigetti Computing from $50.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Finally, Mizuho started coverage on shares of Rigetti Computing in a research note on Thursday, December 11th. They set an “outperform” rating and a $50.00 price objective for the company.

Rigetti Computing Price Performance

NASDAQ:RGTI opened at $25.59 on Friday. Rigetti Computing has a 1 year low of $6.86 and a 1 year high of $58.15. The stock’s fifty day moving average price is $25.32 and its two-hundred day moving average price is $24.99. The company has a market cap of $8.45 billion, a P/E ratio of -19.69 and a beta of 1.70.

Rigetti Computing (NASDAQ:RGTI) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.95 million for the quarter, compared to analyst estimates of $2.17 million. Rigetti Computing’s revenue was down 18.1% on a year-over-year basis. On average, analysts expect that Rigetti Computing will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Rigetti Computing by 40.4% during the 3rd quarter. Vanguard Group Inc. now owns 32,046,477 shares of the company’s stock valued at $954,665,000 after purchasing an additional 9,228,888 shares during the period. State Street Corp grew its holdings in Rigetti Computing by 12.0% during the 2nd quarter. State Street Corp now owns 8,853,006 shares of the company’s stock valued at $104,997,000 after buying an additional 946,850 shares in the last quarter. Marex Group plc bought a new stake in shares of Rigetti Computing during the second quarter valued at approximately $87,414,000. Geode Capital Management LLC lifted its holdings in shares of Rigetti Computing by 22.9% in the second quarter. Geode Capital Management LLC now owns 6,484,155 shares of the company’s stock worth $76,910,000 after buying an additional 1,206,925 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Rigetti Computing by 90.9% during the third quarter. UBS Group AG now owns 3,081,174 shares of the company’s stock worth $91,788,000 after acquiring an additional 1,467,483 shares during the last quarter. 35.38% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Rigetti Computing

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

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy and a $40 price target (roughly 56% upside from recent levels), citing conviction in quantum names; that initiation and related press (Barron’s, Benzinga, Globe and Mail/MSN pickups) is a major bullish catalyst lifting sentiment. Rosenblatt Buy Coverage (Barron’s)
• Positive Sentiment: Rosenblatt also issued a “strong‑buy” tone in subsequent notes and media pickups, reinforcing the initial upside thesis and likely contributing to intraday buying pressure. Zacks: Rosenblatt strong-buy
• Positive Sentiment: Mizuho reiterated its Buy rating, adding to the cluster of broker support that can attract momentum and institutional interest. Mizuho Buy Hold
• Positive Sentiment: Analyst roundups show multiple firms publicly bullish or covering RGTI, which increases visibility and can mechanically raise demand for the shares. Analyst roundup (Benzinga)
• Neutral Sentiment: Sector comparison pieces (QBTS, IONQ, RGTI) ahead of Q4 earnings highlight differing fundamentals across quantum players; these previews raise focus on upcoming results but don’t change the thesis until numbers/guidance arrive. Q4 earnings preview (Zacks)
• Negative Sentiment: Short-term technical/price pressure: reports flagged a recent daily decline and “stock falls amid market uptick,” signaling that despite positive coverage the shares have experienced near-term volatility. Recent pullback note (Zacks)
• Negative Sentiment: A critical take from Seeking Alpha calls RGTI “a falling knife,” stressing weak revenue trends, negative margins and execution risk — the kind of analysis that can dampen conviction among value‑oriented investors ahead of quarterly results. Critical analysis (Seeking Alpha)

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.