Rigetti Computing, Inc. (NASDAQ:RGTI) Given Consensus Rating of “Moderate Buy” by Analysts

Rigetti Computing, Inc. (NASDAQ:RGTI) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $30.6667.

A number of analysts have commented on RGTI shares. Rosenblatt Securities reiterated a “buy” rating and issued a $40.00 price objective on shares of Rigetti Computing in a research report on Friday, August 7th. Jefferies Financial Group restated a “hold” rating and set a $18.00 price objective on shares of Rigetti Computing in a research report on Friday, August 7th. Benchmark started coverage on Rigetti Computing in a research note on Monday, July 27th. They issued a “buy” rating and a $25.00 target price for the company. Weiss Ratings cut Rigetti Computing from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. Finally, Wall Street Zen downgraded shares of Rigetti Computing from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th.

Rigetti Computing Stock Performance

Shares of RGTI opened at $18.42 on Thursday. The company has a 50-day simple moving average of $17.83 and a 200-day simple moving average of $17.87. The firm has a market capitalization of $6.12 billion, a P/E ratio of -20.47 and a beta of 1.99. Rigetti Computing has a 52 week low of $12.53 and a 52 week high of $58.15.

Rigetti Computing (NASDAQ:RGTI) last released its earnings results on Thursday, August 6th. The company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). Rigetti Computing had a negative return on equity of 17.82% and a negative net margin of 2,189.54%.The business had revenue of $5.14 million for the quarter, compared to the consensus estimate of $5.09 million. As a group, equities analysts forecast that Rigetti Computing will post -0.22 earnings per share for the current year.

Insider Activity

In related news, Director Ray O. Johnson sold 122,188 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $21.30, for a total value of $2,602,604.40. Following the sale, the director owned 171,273 shares of the company’s stock, valued at $3,648,114.90. The trade was a 41.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO David Rivas sold 499,328 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $25.40, for a total transaction of $12,682,931.20. Following the completion of the transaction, the chief technology officer directly owned 325,945 shares of the company’s stock, valued at $8,279,003. This trade represents a 60.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 728,901 shares of company stock worth $17,546,343. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rigetti Computing

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Rigetti Computing by 12.2% in the 4th quarter. Vanguard Group Inc. now owns 35,970,648 shares of the company’s stock worth $796,750,000 after buying an additional 3,924,171 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Rigetti Computing by 1,632.5% in the 4th quarter. Victory Capital Management Inc. now owns 2,571,289 shares of the company’s stock valued at $56,954,000 after buying an additional 2,422,873 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in Rigetti Computing in the second quarter valued at $21,887,000. Norges Bank bought a new stake in Rigetti Computing in the fourth quarter valued at $38,889,000. Finally, Defiance ETFs LLC acquired a new position in Rigetti Computing during the fourth quarter worth $34,267,000. 35.38% of the stock is currently owned by institutional investors.

More Rigetti Computing News

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

• Positive Sentiment: Rigetti is expanding quantum-computing deployments internationally, advancing its 108-qubit system and targeting approximately 1,000 qubits over time. The roadmap could support broader adoption by government, academic and commercial customers. Rigetti Advances Quantum Roadmap With Strategic Global Expansion
• Positive Sentiment: Rigetti’s second-quarter revenue reportedly increased 185%, driven by QPU sales and technology progress. The company also met consensus expectations with a quarterly loss of $0.05 per share and generated $5.14 million in revenue, slightly above estimates.
• Positive Sentiment: Management is focused on improving the fidelity of its Cepheus system, while potential U.S. government funding and growing demand from public-sector and research customers could provide additional support. RGTI Q2 Earnings Call Focuses on Fidelity and Government Support
• Positive Sentiment: Analysts cited in recent coverage assign Rigetti a consensus price target of $32, well above recent trading levels, reflecting optimism about the long-term quantum opportunity. Rigetti Receives $32 Consensus Target Price
• Neutral Sentiment: Compared with IonQ and D-Wave, Rigetti offers meaningful technology and roadmap potential, but investors are weighing which quantum company has the most attractive combination of growth, bookings and execution.
• Negative Sentiment: Despite faster revenue growth, Rigetti remains unprofitable, with heavy losses, negative margins and uneven demand. Its ability to commercialize new systems and reach its ambitious qubit targets remains unproven.

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.