Rigetti Computing (NASDAQ:RGTI) Stock Price Up 5.9% – What’s Next?

Posted by Brian Himes on Jun 29th, 2026

Rigetti Computing, Inc. (NASDAQ:RGTI – Get Free Report)’s share price rose 5.9% during mid-day trading on Monday . The company traded as high as $19.80 and last traded at $19.44. 29,612,873 shares traded hands during trading, a decline of 18% from the average session volume of 35,897,668 shares. The stock had previously closed at $18.36.

Analysts Set New Price Targets

Several research firms have recently weighed in on RGTI. Benchmark lowered their price objective on shares of Rigetti Computing from $35.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, March 20th. Wall Street Zen upgraded shares of Rigetti Computing from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Mizuho decreased their price target 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. Rosenblatt Securities reissued a “buy” rating and set a $40.00 price objective on shares of Rigetti Computing in a research report on Thursday, June 11th. Finally, Northland Securities began coverage on shares of Rigetti Computing in a research note on Monday, April 20th. They issued a “market perform” rating and a $20.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Rigetti Computing has a consensus rating of “Moderate Buy” and an average price target of $29.18.

Check Out Our Latest Research Report on RGTI

Rigetti Computing Stock Performance

The business has a 50 day moving average price of $20.45 and a two-hundred day moving average price of $19.78. The stock has a market cap of $6.46 billion, a PE ratio of -22.34 and a beta of 1.88.

Rigetti Computing (NASDAQ:RGTI – Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $4.40 million during the quarter, compared to the consensus estimate of $4.09 million. Rigetti Computing had a negative net margin of 2,789.71% and a negative return on equity of 10.40%. The firm’s quarterly revenue was up 198.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) earnings per share. As a group, research analysts anticipate that Rigetti Computing, Inc. will post -0.22 earnings per share for the current year.

Insider Activity at Rigetti Computing

In related news, Director Ray O. Johnson sold 122,188 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $21.30, for a total transaction of $2,602,604.40. Following the sale, the director owned 171,273 shares of the company’s stock, 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 SEC, which is accessible 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 company’s stock in a transaction on 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 in the company, valued at approximately $8,279,003. The trade was a 60.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 728,901 shares of company stock worth $17,546,343. Insiders own 1.60% of the company’s stock.

Institutional Trading of Rigetti Computing

Several institutional investors and hedge funds have recently modified their holdings of the business. Danske Bank A S bought a new stake in shares of Rigetti Computing during the 3rd quarter valued at about $30,000. Parallel Advisors LLC increased its position in shares of Rigetti Computing by 403.2% in the third quarter. Parallel Advisors LLC now owns 1,087 shares of the company’s stock worth $32,000 after purchasing an additional 871 shares during the last quarter. Clearstead Advisors LLC purchased a new stake in Rigetti Computing in the third quarter valued at approximately $35,000. Heritage Wealth Advisors raised its stake in 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 purchasing an additional 954 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in Rigetti Computing by 138.4% during the fourth quarter. Larson Financial Group LLC now owns 1,218 shares of the company’s stock valued at $27,000 after purchasing an additional 707 shares during the last quarter. Hedge funds and other institutional investors own 35.38% of the company’s stock.

About Rigetti Computing

(Get Free Report)

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.