Rigetti Computing, Inc. (NASDAQ:RGTI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Rigetti Computing, Inc. (NASDAQ:RGTI) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $32.10.

RGTI has been the topic of several analyst reports. Benchmark cut their price target on shares of Rigetti Computing from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Rosenblatt Securities assumed coverage on Rigetti Computing in a report on Thursday. They issued a “buy” rating and a $40.00 price target on the stock. Jefferies Financial Group assumed coverage on Rigetti Computing in a report on Tuesday, December 16th. They set a “hold” rating and a $30.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rigetti Computing in a research note on Monday, December 29th. Finally, B. Riley lowered their target price on shares of Rigetti Computing from $42.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th.

Key Stories Impacting Rigetti Computing

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

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy and a $40 price target (roughly 56% upside from recent levels), citing conviction in quantum names; that initiation and related press (Barron’s, Benzinga, Globe and Mail/MSN pickups) is a major bullish catalyst lifting sentiment. Rosenblatt Buy Coverage (Barron’s)
• Positive Sentiment: Rosenblatt also issued a “strong‑buy” tone in subsequent notes and media pickups, reinforcing the initial upside thesis and likely contributing to intraday buying pressure. Zacks: Rosenblatt strong-buy
• Positive Sentiment: Mizuho reiterated its Buy rating, adding to the cluster of broker support that can attract momentum and institutional interest. Mizuho Buy Hold
• Positive Sentiment: Analyst roundups show multiple firms publicly bullish or covering RGTI, which increases visibility and can mechanically raise demand for the shares. Analyst roundup (Benzinga)
• Neutral Sentiment: Sector comparison pieces (QBTS, IONQ, RGTI) ahead of Q4 earnings highlight differing fundamentals across quantum players; these previews raise focus on upcoming results but don’t change the thesis until numbers/guidance arrive. Q4 earnings preview (Zacks)
• Negative Sentiment: Short-term technical/price pressure: reports flagged a recent daily decline and “stock falls amid market uptick,” signaling that despite positive coverage the shares have experienced near-term volatility. Recent pullback note (Zacks)
• Negative Sentiment: A critical take from Seeking Alpha calls RGTI “a falling knife,” stressing weak revenue trends, negative margins and execution risk — the kind of analysis that can dampen conviction among value‑oriented investors ahead of quarterly results. Critical analysis (Seeking Alpha)

Rigetti Computing Trading Up 3.6%

Shares of Rigetti Computing stock opened at $25.59 on Friday. The firm has a market cap of $8.45 billion, a PE ratio of -19.69 and a beta of 1.70. The stock has a 50 day moving average of $25.32 and a 200 day moving average of $24.99. Rigetti Computing has a 12 month low of $6.86 and a 12 month high of $58.15.

Rigetti Computing (NASDAQ:RGTI) last announced its earnings results on Monday, November 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The firm had revenue of $1.95 million for the quarter, compared to analysts’ expectations of $2.17 million. Rigetti Computing had a negative net margin of 4,741.49% and a negative return on equity of 21.98%. Rigetti Computing’s quarterly revenue was down 18.1% compared to the same quarter last year. As a group, equities research analysts forecast that Rigetti Computing will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc raised its position in Rigetti Computing by 146.1% during the 2nd quarter. IFP Advisors Inc now owns 2,190 shares of the company’s stock valued at $26,000 after purchasing an additional 1,300 shares in the last quarter. Danske Bank A S bought a new position in Rigetti Computing during the 3rd quarter worth about $30,000. Parallel Advisors LLC raised its holdings in shares of Rigetti Computing by 403.2% in the 3rd quarter. Parallel Advisors LLC now owns 1,087 shares of the company’s stock valued at $32,000 after purchasing an additional 871 shares in the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of Rigetti Computing by 225.4% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 2,974 shares of the company’s stock worth $35,000 after purchasing an additional 2,060 shares during the period. Finally, Clearstead Advisors LLC bought a new position in shares of Rigetti Computing during the third quarter valued at approximately $35,000. Institutional investors own 35.38% of the company’s stock.

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.