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

Rigetti Computing, Inc. (NASDAQ:RGTI) has earned an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $32.60.

RGTI has been the subject of a number of analyst reports. B. Riley upgraded shares of Rigetti Computing from a “neutral” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Thursday. Wedbush boosted their target price on shares of Rigetti Computing from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank Of Canada cut shares of Rigetti Computing to a “hold” rating in a report on Thursday. Williams Trading set a $40.00 price objective on Rigetti Computing in a research note on Tuesday, November 11th. Finally, Wall Street Zen raised Rigetti Computing from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th.

Trending Headlines about Rigetti Computing

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

• Positive Sentiment: B. Riley upgraded RGTI from Neutral to Buy, which is the primary near?term catalyst lifting the stock as momentum traders and funds react to the rating change. What’s Happening With Rigetti Computing Stock Thursday? Rigetti rises after upgrade at B Riley
• Positive Sentiment: Wedbush raised its price target to $40 and moved to an “Outperform” rating, signaling institutional confidence in longer?term upside and likely supporting further buying interest. Wedbush raises PT to $40
• Positive Sentiment: Rosenblatt reaffirmed a Buy rating and a $40 target, reinforcing the narrative of analyst conviction around future value capture in gate?based quantum development. Rosenblatt reaffirms buy
• Neutral Sentiment: Comparative analyst coverage (Zacks) frames RGTI versus peers like D?Wave (QBTS), highlighting RGTI’s gate?based, long?term ambition versus rivals’ nearer?term commercial approaches — useful for investors weighing risk/return horizons. Rigetti vs. D?Wave: Which Quantum Computing Stock Is the Better Pick?
• Neutral Sentiment: A Yahoo Finance piece notes a delay in Rigetti’s quantum roadmap but also an India deployment deal — together these items create mixed near?term headlines (delay is a headwind; the deployment deal is incremental validation). Investors should watch execution updates closely. What Rigetti Computing (RGTI)’s Quantum Roadmap Delay and India Deployment Deal Means For Shareholders

Hedge Funds Weigh In On Rigetti Computing

A number of institutional investors and hedge funds have recently bought and sold shares of RGTI. IFP Advisors Inc grew its position in Rigetti Computing by 146.1% in the 2nd quarter. IFP Advisors Inc now owns 2,190 shares of the company’s stock worth $26,000 after purchasing an additional 1,300 shares during the last quarter. Danske Bank A S bought a new stake in shares of Rigetti Computing in the third quarter valued at about $30,000. Parallel Advisors LLC grew its position in Rigetti Computing by 403.2% during the third quarter. Parallel Advisors LLC now owns 1,087 shares of the company’s stock worth $32,000 after buying an additional 871 shares in the last quarter. Armstrong Advisory Group Inc. grew its position in Rigetti Computing by 225.4% during the second quarter. Armstrong Advisory Group Inc. now owns 2,974 shares of the company’s stock worth $35,000 after buying an additional 2,060 shares in the last quarter. Finally, Clearstead Advisors LLC bought a new position in Rigetti Computing during the third quarter valued at about $35,000. Institutional investors own 35.38% of the company’s stock.

Rigetti Computing Trading Up 5.4%

RGTI stock opened at $24.96 on Friday. The firm has a market cap of $8.24 billion, a PE ratio of -19.20 and a beta of 1.70. Rigetti Computing has a 1 year low of $6.86 and a 1 year high of $58.15. The company has a fifty day simple moving average of $24.94 and a 200 day simple moving average of $25.23.

Rigetti Computing (NASDAQ:RGTI) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.17 million. The company’s quarterly revenue was down 18.1% on a year-over-year basis. As a group, analysts forecast that Rigetti Computing will post -0.34 EPS for the current fiscal 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.