Rosenblatt Securities Reiterates “Buy” Rating for Rigetti Computing (NASDAQ:RGTI)

Posted by Geri Gentry on Aug 7th, 2026

Rigetti Computing (NASDAQ:RGTI – Get Free Report)‘s stock had its “buy” rating reissued by analysts at Rosenblatt Securities in a report issued on Friday,Benzinga reports. They presently have a $40.00 price objective on the stock. Rosenblatt Securities’ price objective suggests a potential upside of 141.98% from the company’s current price.

Several other research analysts also recently commented on RGTI. Mizuho decreased their price target on shares of Rigetti Computing from $33.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. 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 for the company. Benchmark began coverage on shares of Rigetti Computing in a report on Monday, July 27th. They set a “buy” rating and a $25.00 target price on the stock. Wall Street Zen upgraded shares of Rigetti Computing from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Weiss Ratings raised shares of Rigetti Computing from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Check Out Our Latest Research Report on RGTI

Rigetti Computing Trading Down 1.5%

Shares of Rigetti Computing stock opened at $16.53 on Friday. The firm has a market capitalization of $5.49 billion, a PE ratio of -19.00 and a beta of 1.99. The business’s 50-day moving average price is $18.43 and its 200-day moving average price is $18.06. Rigetti Computing has a 12 month low of $12.53 and a 12 month high of $58.15.

Rigetti Computing (NASDAQ:RGTI – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported ($0.05) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.05). The company had revenue of $5.14 million during the quarter, compared to the consensus estimate of $5.09 million. Rigetti Computing had a negative return on equity of 10.40% and a negative net margin of 2,789.71%. As a group, analysts predict that Rigetti Computing will post -0.22 earnings per share for the current fiscal year.

Insider Activity at Rigetti Computing

In other news, Director Ray O. Johnson sold 122,188 shares of Rigetti Computing stock in a transaction that occurred 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 sale, the director directly owned 171,273 shares in the company, valued at approximately $3,648,114.90. This trade represents a 41.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 business’s stock in a transaction that occurred on 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 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 728,901 shares of company stock worth $17,546,343 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Rigetti Computing

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RGTI. Handelsbanken Fonder AB boosted its holdings in Rigetti Computing by 21.0% in the second 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 Rigetti Computing in the 2nd quarter worth $197,000. NewEdge Advisors LLC raised its holdings in 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 purchasing an additional 4,149 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Rigetti Computing by 7.3% in 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 period. Finally, Encore Global Management LP purchased a new stake in shares of Rigetti Computing in the 1st quarter worth about $1,685,000. Hedge funds and other 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: Rigetti reported second-quarter revenue of $5.14 million, slightly above the $5.09 million estimate cited by MarketBeat, while management highlighted growing demand for its quantum systems and progress on its technology roadmap. Rigetti Computing Reports Second Quarter 2026 Financial Results
Positive Sentiment: The company ended June with $541.3 million in cash and no debt, providing substantial funding for research and development. Potential federal support of up to $100 million, along with partnerships involving Hewlett Packard Enterprise and Pittsburgh Supercomputing Center, could expand Rigetti’s hybrid quantum-classical computing opportunity. Rigetti Computing Stock: Falls Despite Fidelity Gains and Government Funding Potential
Positive Sentiment: Rigetti also joined a $5 million National Science Foundation-backed testbed with HPE and PSC, scheduled to begin construction in September. Analysts remain broadly optimistic about quantum-computing stocks as the industry approaches potential commercial “quantum advantage” milestones. Rigetti Expands Hybrid Quantum HPC Push With New NSF Project
Neutral Sentiment: Technology progress, including improved qubit fidelity, supports Rigetti’s longer-term roadmap, but these developments have yet to translate into significant revenue or profitability.
Negative Sentiment: Rigetti posted an adjusted loss of $0.05 per share. That matched some consensus estimates but was worse than the Zacks consensus loss of $0.03, producing a reported earnings “miss” in that analysis. The company continues to operate with deeply negative margins and analysts expect a full-year loss. Rigetti Computing Reports Q2 Loss, Tops Revenue Estimates
Negative Sentiment: The reaction indicates investors focused more on the ongoing losses and limited commercial scale than on the modest revenue beat. RGTI had already fallen sharply from its late-spring high, increasing sensitivity to earnings disappointment and valuation concerns.

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.