Rigetti Computing (NASDAQ:RGTI) Receives Buy Rating from Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Rigetti Computing (NASDAQ:RGTI) in a research note published on Wednesday morning,Benzinga reports. The firm currently has a $40.00 target price on the stock.

Other analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Rigetti Computing from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Wedbush began coverage on shares of Rigetti Computing in a research note on Wednesday, December 17th. They set an “outperform” rating and a $35.00 price objective for the company. Mizuho assumed coverage on Rigetti Computing in a research report on Thursday, December 11th. They issued an “outperform” rating and a $50.00 target price on the stock. Jefferies Financial Group assumed coverage on Rigetti Computing in a research note on Tuesday, December 16th. They issued a “hold” rating and a $30.00 target price for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Rigetti Computing in a research note on Monday, December 29th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.60.

Rigetti Computing Price Performance

Shares of RGTI stock opened at $23.67 on Wednesday. The stock’s fifty day moving average price is $24.95 and its 200 day moving average price is $25.23. Rigetti Computing has a 1-year low of $6.86 and a 1-year high of $58.15. The company has a market cap of $7.81 billion, a price-to-earnings ratio of -18.21 and a beta of 1.70.

Rigetti Computing (NASDAQ:RGTI) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.95 million during the quarter, compared to the consensus estimate of $2.17 million. The business’s quarterly revenue was down 18.1% on a year-over-year basis. As a group, equities research analysts anticipate that Rigetti Computing will post -0.34 earnings per share for the current year.

Institutional Trading of Rigetti Computing

A number of hedge funds have recently modified their holdings of RGTI. Flagship Harbor Advisors LLC acquired a new stake in Rigetti Computing during the fourth quarter worth about $206,000. Harbor Capital Advisors Inc. purchased a new stake in Rigetti Computing in the 4th quarter worth approximately $365,000. Genesis Financial Group LLC acquired a new stake in shares of Rigetti Computing during the 4th quarter worth approximately $341,000. Keystone Financial Group Inc. acquired a new stake in shares of Rigetti Computing during the 4th quarter worth approximately $44,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Rigetti Computing during the 4th quarter valued at approximately $206,000. Hedge funds and other institutional investors own 35.38% of the company’s stock.

Key Headlines Impacting Rigetti Computing

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

• Positive Sentiment: Wedbush raised its price target to $40 and kept an “outperform” rating, implying substantial upside versus current levels. This analyst upgrade can attract buyers and support the stock. Wedbush Raises Target
• Positive Sentiment: Rosenblatt reaffirmed a “buy” rating and a $40 target, reinforcing bullish analyst sentiment that may help stabilize the shares. Rosenblatt Reaffirms Buy
• Positive Sentiment: Rigetti received an $8.4M purchase order from India’s C‑DAC for a 108‑qubit system — revenue and customer validation, though modest against RGTI’s valuation, supports near‑term revenue visibility. C‑DAC Order Announcement
• Positive Sentiment: Progress on Rigetti’s chiplet approach (36‑qubit units hitting ~99.5% fidelity) signals engineering momentum toward a multi‑chip scaling path that could materially de‑risk the multi‑thousand‑qubit roadmap. Chiplet Strategy Article
• Neutral Sentiment: Mixed analyst/media takes and think‑pieces are circulating — some argue upside is underappreciated, others warn of hype and advise caution. These narratives can increase short‑term volatility as investors sort thesis vs. execution. Seeking Alpha Bullish
• Negative Sentiment: Management pushed back general availability for the Cepheus‑1 108‑qubit system to hit a target fidelity level, a delay that raises near‑term execution risk and likely contributed to selling pressure. Roadmap Delay & India Deployment Article
• Negative Sentiment: Competitor advances (notably D‑Wave’s recent technical/strategic moves) and commentary framing D‑Wave as pulling ahead amplify competitive concerns, which can weigh on sentiment for pure‑play gate‑model firms like Rigetti. D‑Wave Competitive Article

About Rigetti Computing

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.