Rigetti Computing (NASDAQ:RGTI) Price Target Raised to $40.00

Rigetti Computing (NASDAQ:RGTI) had its price target lifted by equities researchers at Wedbush from $35.00 to $40.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Wedbush’s target price would suggest a potential upside of 60.25% from the stock’s previous close.

Several other equities research analysts have also recently commented on the company. Benchmark lowered their target price on Rigetti Computing from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Williams Trading set a $40.00 price objective on Rigetti Computing in a report on Tuesday, November 11th. B. Riley reduced their target price on shares of Rigetti Computing from $42.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Rosenblatt Securities reiterated a “buy” rating and set a $40.00 price target on shares of Rigetti Computing in a research report on Wednesday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Rigetti Computing in a report on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Rigetti Computing currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.60.

Rigetti Computing Trading Down 0.1%

Shares of NASDAQ RGTI opened at $24.96 on Wednesday. Rigetti Computing has a 1-year low of $6.86 and a 1-year high of $58.15. The company has a 50-day moving average of $25.04 and a two-hundred day moving average of $25.25. The company has a market cap of $8.24 billion, a PE ratio of -19.35 and a beta of 1.70.

Rigetti Computing (NASDAQ:RGTI) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. Rigetti Computing had a negative net margin of 4,741.49% and a negative return on equity of 21.98%. The business had revenue of $1.95 million for the quarter, compared to analysts’ expectations of $2.17 million. Rigetti Computing’s revenue for the quarter 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 year.

Institutional Trading of Rigetti Computing

A number of large investors have recently made changes to their positions in RGTI. IFP Advisors Inc grew its stake in Rigetti Computing by 146.1% in the second quarter. IFP Advisors Inc now owns 2,190 shares of the company’s stock valued at $26,000 after acquiring an additional 1,300 shares during the period. Danske Bank A S bought a new stake in Rigetti Computing during the 3rd quarter worth approximately $30,000. Parallel Advisors LLC lifted its stake in Rigetti Computing by 403.2% in the third quarter. Parallel Advisors LLC now owns 1,087 shares of the company’s stock valued at $32,000 after buying an additional 871 shares in the last quarter. Armstrong Advisory Group Inc. boosted its holdings in shares of Rigetti Computing by 225.4% in the second quarter. Armstrong Advisory Group Inc. now owns 2,974 shares of the company’s stock valued at $35,000 after buying an additional 2,060 shares during the period. Finally, Clearstead Advisors LLC acquired a new stake in shares of Rigetti Computing during the third quarter worth $35,000. Institutional investors own 35.38% of the company’s stock.

Rigetti Computing News Roundup

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

• Positive Sentiment: Rosenblatt Securities reaffirmed a “buy” on RGTI and set a $40 price target (roughly a >60% upside from recent levels), which can attract momentum buying and support the stock. Rosenblatt Reaffirms Buy
• Positive Sentiment: Rigetti received an $8.4M purchase order from India’s C‑DAC for a 108‑qubit system — a revenue infusion, institutional customer validation and a foothold in the large India market. This order helps justify near‑term revenue expectations and commercial traction. Rigetti Announces Order for a 108‑Qubit Quantum Computer from C‑DAC
• Positive Sentiment: Technical progress: analysts note Rigetti’s chiplet strategy is advancing — 36‑qubit units hitting ~99.5% fidelity and a clearer roadmap toward 1,000+ qubits by 2027 — which supports long‑term product credibility. Is Rigetti’s Chiplet Strategy Accelerating the 1,000‑Qubit Roadmap?
• Neutral Sentiment: Opinion pieces are mixed—some highlight overlooked strengths, others warn of hype and suggest waiting for a better entry. These conflicting views add volatility but no clear directional signal. Rigetti: What Everybody’s Missing
• Neutral Sentiment: Comparisons versus peers (e.g., QUBT) emphasize that upside depends on manufacturing scale, contracts and cash — important context for relative positioning, not an immediate price driver. QUBT vs. RGTI: Which Quantum Computing Stock Offers Greater Upside?
• Negative Sentiment: Rigetti has delayed general availability of its Cepheus‑1 108‑qubit system to hit fidelity targets — a timing risk that can sap momentum, create near‑term uncertainty about revenue recognition and open a competitive window. What Rigetti’s Quantum Roadmap Delay and India Deployment Deal Means For Shareholders
• Negative Sentiment: Competitive pressure: coverage pointing to D‑Wave’s technical advances and Rigetti’s delay could shift investor preference within the sector. Also, analysts and commentators note Rigetti’s strong share gain alongside declining quarterly sales, raising valuation vs. revenue concerns. 3 Key Ways D‑Wave Is Developing an Advantage

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.