Rigetti Computing’s (RGTI) “Buy” Rating Reiterated at Rosenblatt Securities

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

RGTI has been the subject of a number of other reports. Benchmark lowered their target price on Rigetti Computing from $50.00 to $40.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rigetti Computing in a research report on Monday, December 29th. Royal Bank Of Canada lowered shares of Rigetti Computing to a “hold” rating in a research note on Thursday, January 22nd. Mizuho cut their target price on shares of Rigetti Computing from $50.00 to $43.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Wedbush raised their price target on shares of Rigetti Computing from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.70.

Rigetti Computing Stock Up 0.2%

RGTI stock opened at $17.01 on Thursday. The firm has a market cap of $5.61 billion, a price-to-earnings ratio of -25.01 and a beta of 1.71. The company’s fifty day simple moving average is $20.24 and its 200 day simple moving average is $25.82. Rigetti Computing has a 12-month low of $6.86 and a 12-month high of $58.15.

Rigetti Computing (NASDAQ:RGTI) last issued its quarterly earnings results on Wednesday, March 4th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.87 million during the quarter, compared to the consensus estimate of $2.33 million. The firm’s revenue was down 17.9% on a year-over-year basis. Research analysts expect that Rigetti Computing will post -0.34 earnings per share for the current year.

Institutional Trading of Rigetti Computing

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RGTI. Vanguard Group Inc. raised its stake in shares of Rigetti Computing by 12.2% in the fourth quarter. Vanguard Group Inc. now owns 35,970,648 shares of the company’s stock worth $796,750,000 after purchasing an additional 3,924,171 shares during the last quarter. State Street Corp lifted its position in shares of Rigetti Computing by 12.0% during the 2nd quarter. State Street Corp now owns 8,853,006 shares of the company’s stock worth $104,997,000 after buying an additional 946,850 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Rigetti Computing by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 7,879,325 shares of the company’s stock valued at $174,930,000 after acquiring an additional 196,891 shares in the last quarter. Marex Group plc purchased a new stake in shares of Rigetti Computing during the second quarter valued at approximately $87,414,000. Finally, UBS Group AG lifted its holdings in 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 period. 35.38% of the stock is owned by institutional investors.

Rigetti Computing News Roundup

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

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.