Equities Analysts Issue Forecasts for RGTI FY2026 Earnings

Rigetti Computing, Inc. (NASDAQ:RGTI) – Research analysts at Northland Securities issued their FY2026 earnings per share estimates for Rigetti Computing in a report issued on Monday, April 20th. Northland Securities analyst N. Chokshi anticipates that the company will post earnings per share of ($0.13) for the year. Northland Securities has a “Market Perform” rating and a $20.00 price target on the stock. The consensus estimate for Rigetti Computing’s current full-year earnings is ($0.16) per share. Northland Securities also issued estimates for Rigetti Computing’s FY2027 earnings at ($0.12) EPS.

Rigetti Computing (NASDAQ:RGTI) last announced its earnings results on Wednesday, March 4th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. Rigetti Computing had a negative return on equity of 14.91% and a negative net margin of 3,111.92%.The business had revenue of $1.87 million during the quarter, compared to analysts’ expectations of $2.33 million. The business’s quarterly revenue was down 17.9% compared to the same quarter last year.

Several other brokerages have also recently weighed in on RGTI. TD Cowen cut Rigetti Computing from a “buy” rating to a “hold” rating in a research note on Thursday, February 12th. Mizuho decreased their price target on Rigetti Computing from $50.00 to $43.00 and set an “outperform” rating for the company in a research report on Thursday, March 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $40.00 price target on shares of Rigetti Computing in a research report on Thursday, March 5th. B. Riley Financial upgraded Rigetti Computing from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Rigetti Computing in a research report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.64.

Rigetti Computing Stock Up 0.7%

Shares of RGTI stock opened at $18.38 on Wednesday. The stock has a 50-day simple moving average of $16.15 and a 200 day simple moving average of $24.47. Rigetti Computing has a fifty-two week low of $8.35 and a fifty-two week high of $58.15. The stock has a market capitalization of $6.10 billion, a P/E ratio of -27.03 and a beta of 1.82.

Insiders Place Their Bets

In related news, CFO Jeffrey A. Bertelsen sold 4,270 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $17.52, for a total value of $74,810.40. Following the completion of the transaction, the chief financial officer owned 175,609 shares in the company, valued at $3,076,669.68. This trade represents a 2.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO David Rivas sold 36,719 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $17.52, for a total value of $643,316.88. Following the completion of the transaction, the chief technology officer owned 651,914 shares of the company’s stock, valued at $11,421,533.28. This trade represents a 5.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Rigetti Computing

Hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its stake in Rigetti Computing by 119.2% in the 2nd quarter. Osaic Holdings Inc. now owns 260,307 shares of the company’s stock worth $3,087,000 after acquiring an additional 141,541 shares in the last quarter. Penserra Capital Management LLC lifted its stake in Rigetti Computing by 43.8% in the 3rd quarter. Penserra Capital Management LLC now owns 2,445,818 shares of the company’s stock worth $72,860,000 after acquiring an additional 744,577 shares in the last quarter. Oak Harvest Investment Services lifted its stake in Rigetti Computing by 436.7% in the 3rd quarter. Oak Harvest Investment Services now owns 80,505 shares of the company’s stock worth $2,398,000 after acquiring an additional 65,505 shares in the last quarter. Clear Street Group Inc. purchased a new stake in Rigetti Computing in the 3rd quarter worth about $47,752,000. Finally, J. Safra Sarasin Holding AG purchased a new stake in Rigetti Computing in the 3rd quarter worth about $2,576,000. 35.38% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Rigetti Computing

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

• Positive Sentiment: Commercial product milestone — Rigetti announced general availability of its 108‑qubit Cepheus‑1‑108Q via its Quantum Cloud Services and on Amazon Braket, marking a tangible scale milestone that can drive customer adoption and revenue growth. Cepheus-1-108Q Availability
• Positive Sentiment: Technical progress — Company reports up to 99.9% two‑qubit gate fidelity at 28 ns and is advancing a chiplet approach to scalability; these metrics strengthen the competitive technology narrative and support longer‑term commercialization potential. 99.9% Fidelity Report
• Positive Sentiment: Sector/market momentum — Analyst pieces (Zacks, investment write‑ups) cite Nvidia‑driven quantum/AI enthusiasm and list Rigetti among high‑upside quantum/semiconductor names, which can attract speculative flows and broaden investor interest. Zacks: Nvidia Sparks Rally
• Neutral Sentiment: New analyst coverage — Northland Securities began coverage with a “Market Perform” rating and $20 price objective while modeling FY2026 EPS of ($0.13) and FY2027 EPS of ($0.12), slightly better than the consensus loss of ($0.17) for the year; initiation brings visibility but not a buy endorsement. Northland Initiates Coverage
• Negative Sentiment: Financials remain a headwind — Rigetti is still loss‑making with weak near‑term revenue (recent quarter showed revenue below estimates and deeply negative margins); investors should weigh product/tech progress against ongoing cash burn and execution risk. Recent Financials & Metrics

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.