Rigetti Computing (NASDAQ:RGTI) Stock Price Down 4.4% on Analyst Downgrade

Rigetti Computing, Inc. (NASDAQ:RGTI) fell 4.4% during trading on Thursday after Benchmark lowered their price target on the stock from $40.00 to $35.00. Benchmark currently has a buy rating on the stock. Rigetti Computing traded as low as $15.94 and last traded at $16.97. 41,670,455 shares were traded during trading, an increase of 32% from the average session volume of 31,685,047 shares. The stock had previously closed at $17.76.

Several other analysts have also issued reports on RGTI. Wedbush boosted their price target on shares of Rigetti Computing from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Needham & Company LLC reduced their price objective on shares of Rigetti Computing from $51.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday. Alliance Global Partners reissued a “buy” rating on shares of Rigetti Computing in a report on Tuesday, November 11th. Williams Trading set a $40.00 price target on Rigetti Computing in a report on Tuesday, November 11th. Finally, Wall Street Zen lowered Rigetti Computing from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.70.

More Rigetti Computing News

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

Institutional Investors Weigh In On Rigetti Computing

Several large investors have recently added to or reduced their stakes in RGTI. Rothschild Investment LLC grew its position in Rigetti Computing by 26.1% during the 3rd quarter. Rothschild Investment LLC now owns 1,665 shares of the company’s stock worth $50,000 after acquiring an additional 345 shares during the last quarter. Trust Co. of Toledo NA OH boosted its stake in shares of Rigetti Computing by 1.7% during the third quarter. Trust Co. of Toledo NA OH now owns 21,178 shares of the company’s stock valued at $631,000 after purchasing an additional 357 shares during the period. Prospera Financial Services Inc grew its holdings in shares of Rigetti Computing by 1.0% in the third quarter. Prospera Financial Services Inc now owns 41,789 shares of the company’s stock worth $1,245,000 after purchasing an additional 419 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Rigetti Computing by 1.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 37,534 shares of the company’s stock worth $831,000 after buying an additional 535 shares during the period. Finally, MAI Capital Management raised its holdings in Rigetti Computing by 17.7% during the 3rd quarter. MAI Capital Management now owns 3,763 shares of the company’s stock valued at $112,000 after buying an additional 566 shares during the last quarter. Institutional investors own 35.38% of the company’s stock.

Rigetti Computing Stock Performance

The firm has a market cap of $5.60 billion, a PE ratio of -24.96 and a beta of 1.71. The company’s 50-day simple moving average is $20.34 and its two-hundred day simple moving average is $25.75.

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

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.