Rigetti Computing, Inc. (NASDAQ:RGTI) Receives $30.60 Average Target Price from Analysts

Posted by Brenda Bartman on Jul 19th, 2026

Rigetti Computing, Inc. (NASDAQ:RGTI – Get Free Report) has been given an average rating of “Moderate Buy” by the twelve analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $32.00.

RGTI has been the topic of a number of recent analyst reports. Needham & Company LLC restated 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 report on Tuesday, May 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 price objective on shares of Rigetti Computing in a report on Thursday, June 11th. 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 target price for the company. Finally, Wall Street Zen downgraded Rigetti Computing from a “hold” rating to a “sell” rating in a report on Sunday, July 12th.

View Our Latest Research Report on Rigetti Computing

Insiders Place Their Bets

In other Rigetti Computing news, Director Ray O. Johnson sold 122,188 shares of the business’s 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 transaction, the director owned 171,273 shares of the company’s stock, valued at approximately $3,648,114.90. The trade was a 41.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffrey A. Bertelsen sold 3,682 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $22.95, for a total value of $84,501.90. Following the sale, the chief financial officer owned 171,927 shares in the company, valued at $3,945,724.65. The trade was a 2.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 728,901 shares of company stock valued at $17,546,343. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rigetti Computing

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Heritage Wealth Advisors raised 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 worth $26,000 after acquiring an additional 954 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of 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. PeakShares LLC bought a new stake in shares of Rigetti Computing during the first quarter valued at approximately $28,000. EFG International AG acquired a new stake in shares of Rigetti Computing in the fourth quarter valued at approximately $28,000. Finally, Tsfg LLC increased its holdings in shares of Rigetti Computing by 320.5% in the fourth quarter. Tsfg LLC now owns 1,312 shares of the company’s stock valued at $29,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds 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: 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

Rigetti Computing Stock Performance

Shares of NASDAQ RGTI opened at $14.11 on Friday. Rigetti Computing has a 52-week low of $12.53 and a 52-week high of $58.15. The business has a fifty day moving average of $20.08 and a two-hundred day moving average of $18.99. The stock has a market cap of $4.69 billion, a PE ratio of -16.22 and a beta of 1.95.

Rigetti Computing (NASDAQ:RGTI – Get Free Report) last posted its earnings results on Monday, May 11th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The business had revenue of $4.40 million for the quarter, compared to analyst estimates 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 in the prior year, the firm earned ($0.05) EPS. Analysts predict that Rigetti Computing will post -0.22 earnings per share for the current year.

Rigetti Computing Company Profile

(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.