Rigetti Computing (NASDAQ:RGTI) Rating Increased to Hold at Wall Street Zen

Rigetti Computing (NASDAQ:RGTI) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Monday.

Other equities analysts also recently issued reports about the stock. Rosenblatt Securities restated a “buy” rating and set a $40.00 target price on shares of Rigetti Computing in a report on Thursday, June 11th. Northland Securities initiated coverage on shares of Rigetti Computing in a report on Monday, April 20th. They issued a “market perform” rating and a $20.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $31.00 price target on shares of Rigetti Computing in a research report on Tuesday, May 12th. Mizuho dropped their price objective on shares of Rigetti Computing from $33.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, May 12th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Rigetti Computing in a research report on Tuesday, June 2nd. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Rigetti Computing has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Rigetti Computing Price Performance

RGTI opened at $14.11 on Monday. Rigetti Computing has a 1-year low of $12.53 and a 1-year high of $58.15. The stock has a market cap of $4.69 billion, a P/E ratio of -16.22 and a beta of 1.95. The stock’s 50 day simple moving average is $20.08 and its 200 day simple moving average is $18.96.

Rigetti Computing (NASDAQ:RGTI) last posted its earnings results on Monday, May 11th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. Rigetti Computing had a negative return on equity of 10.40% and a negative net margin of 2,789.71%.The company had revenue of $4.40 million for the quarter, compared to analyst estimates of $4.09 million. During the same quarter in the prior year, the company earned ($0.05) earnings per share. Rigetti Computing’s revenue was up 198.9% compared to the same quarter last year. Research analysts expect that Rigetti Computing will post -0.22 EPS for the current fiscal year.

Insider Activity

In related news, Director Ray O. Johnson sold 122,188 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $21.30, for a total value of $2,602,604.40. Following the completion of the sale, the director directly owned 171,273 shares in the company, valued at approximately $3,648,114.90. This represents a 41.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO David Rivas sold 499,328 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $25.40, for a total value of $12,682,931.20. Following the completion of the transaction, the chief technology officer directly owned 325,945 shares in the company, valued at $8,279,003. This trade represents a 60.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 728,901 shares of company stock valued at $17,546,343 in the last three months. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Rigetti Computing

Several institutional investors and hedge funds have recently modified their holdings of RGTI. Heritage Wealth Advisors grew its stake in shares of Rigetti Computing by 454.3% in the fourth quarter. Heritage Wealth Advisors now owns 1,164 shares of the company’s stock valued at $26,000 after buying an additional 954 shares in the last quarter. Larson Financial Group LLC lifted its position in Rigetti Computing by 138.4% during the 4th quarter. Larson Financial Group LLC now owns 1,218 shares of the company’s stock worth $27,000 after acquiring an additional 707 shares in the last quarter. PeakShares LLC acquired a new position in Rigetti Computing during the 1st quarter worth approximately $28,000. EFG International AG purchased a new position in Rigetti Computing in the 4th quarter worth approximately $28,000. Finally, Tsfg LLC boosted its holdings in Rigetti Computing by 320.5% in the 4th quarter. Tsfg LLC now owns 1,312 shares of the company’s stock worth $29,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 35.38% of the company’s stock.

Rigetti Computing News Summary

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

• Positive Sentiment: Multiple recent reports highlighted Rigetti as one of several quantum-computing stocks with significant brokerage upside in the second half of 2026, as investors focus on U.S. policy support and commercialization opportunities for the sector. 5 Quantum Computing Stocks Set for Huge Price Upside in 2H 2026
• Positive Sentiment: Investors are also reacting to bullish commentary that Rigetti could benefit from “sovereign quantum hardware” demand, with its U.S.-based Fab-1 facility and government-linked research potentially becoming more important if domestic quantum capability is treated as strategic infrastructure. Rigetti Could Be a Huge Winner in Sovereign Quantum Hardware
• Neutral Sentiment: Another article noted that broker recommendations remain bullish on paper, with Rigetti’s average brokerage recommendation equivalent to a Buy, though the report questioned how useful that signal is for investors. Brokers Suggest Investing in Rigetti Computing (RGTI): Read This Before Placing a Bet
• Negative Sentiment: Recent coverage also emphasized that Rigetti fell more than the broader market in the prior session, reinforcing concerns that the stock remains highly volatile and vulnerable to profit-taking in a weak tape. Why Rigetti Computing, Inc. (RGTI) Dipped More Than Broader Market Today

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.