Rigetti Computing (NASDAQ:RGTI) Trading 12.4% Higher – What’s Next?

Posted by Brian Himes on Jul 30th, 2026

Shares of Rigetti Computing, Inc. (NASDAQ:RGTI – Get Free Report) were up 12.4% during trading on Thursday . The company traded as high as $15.00 and last traded at $14.86. 23,753,381 shares traded hands during trading, a decline of 30% from the average daily volume of 33,809,078 shares. The stock had previously closed at $13.22.

Key Stories Impacting Rigetti Computing

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

Positive Sentiment: Rigetti will supply Hewlett Packard Enterprise with a 9-qubit Novera quantum system for a hybrid quantum-computing initiative. The expanded HPE relationship provides commercial validation and could support future enterprise demand. Rigetti Stock Falls after HPE Quantum Partnership Expansion
Positive Sentiment: Benchmark has initiated research coverage on Rigetti, potentially improving institutional visibility and investor attention, although the available report does not identify a rating or price target. Rigetti Research Coverage Started at Benchmark
Neutral Sentiment: Rigetti and other quantum companies are approaching second-quarter earnings. Results could determine whether the recent sector sell-off was excessive; investors are expected to scrutinize Rigetti’s costs and progress toward commercial adoption. Quantum Earnings Could Decide Whether the Sector’s Sell-Off Has Gone Too Far
Negative Sentiment: Comparisons with Quantum Computing, Inc. favor QUBT because of its photonic-AI strategy, NHanced transaction, lower valuation and greater analyst-implied upside. That relative assessment may divert speculative capital away from RGTI ahead of earnings. QUBT vs. RGTI: Which Quantum Computing Stock Is the Better Pick Now?
Negative Sentiment: Investor enthusiasm remains constrained by a broad quantum-sector unwind, with high-multiple, pre-profit companies facing heavy selling. D-Wave’s record bookings and commercial traction are also viewed more favorably than Rigetti’s position ahead of results. Quantum Stocks Face Further Selling Pressure

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RGTI. Wall Street Zen raised shares of Rigetti Computing from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 target price on shares of Rigetti Computing in a research note on Thursday, June 11th. Benchmark began coverage on Rigetti Computing in a research note on Monday. They set a “buy” rating and a $25.00 price target for the company. Weiss Ratings upgraded Rigetti Computing from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Rigetti Computing in a research report on Tuesday, May 12th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.00.

View Our Latest Stock Analysis on RGTI

Rigetti Computing Stock Performance

The firm has a market capitalization of $4.94 billion, a PE ratio of -17.08 and a beta of 1.95. The company has a fifty day simple moving average of $19.53 and a two-hundred day simple moving average of $18.44.

Rigetti Computing (NASDAQ:RGTI – Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $4.09 million. Rigetti Computing had a negative return on equity of 10.40% and a negative net margin of 2,789.71%.The business’s revenue was up 198.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.05) EPS. On average, equities analysts anticipate that Rigetti Computing, Inc. will post -0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rigetti Computing news, Director Ray O. Johnson sold 122,188 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $21.30, for a total transaction of $2,602,604.40. Following the transaction, the director directly owned 171,273 shares in the company, valued at $3,648,114.90. This represents a 41.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $25.40, for a total transaction of $12,682,931.20. Following the completion of the sale, the chief technology officer owned 325,945 shares of the company’s stock, valued at approximately $8,279,003. This represents a 60.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 728,901 shares of company stock worth $17,546,343 in the last three months. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Rigetti Computing

Hedge funds have recently bought and sold shares of the stock. Handelsbanken Fonder AB boosted its position in Rigetti Computing by 21.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 122,500 shares of the company’s stock valued at $2,367,000 after acquiring an additional 21,300 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Rigetti Computing in the 2nd quarter worth $197,000. NewEdge Advisors LLC raised its position in shares of Rigetti Computing by 6.7% in the 1st quarter. NewEdge Advisors LLC now owns 65,694 shares of the company’s stock worth $922,000 after acquiring an additional 4,149 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Rigetti Computing by 7.3% during the 1st quarter. Janus Henderson Group PLC now owns 199,987 shares of the company’s stock worth $2,809,000 after purchasing an additional 13,666 shares during the last quarter. Finally, Encore Global Management LP bought a new stake in Rigetti Computing during the first quarter valued at about $1,685,000. 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.