Rigetti Computing (NASDAQ:RGTI – Get Free Report) had its price target lowered by analysts at StoneX from $25.00 to $20.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. StoneX‘s price target would indicate a potential upside of 80.02% from the stock’s current price.
Several other analysts also recently commented on the stock. Wedbush initiated coverage on shares of Rigetti Computing in a report on Monday, August 3rd. They issued an “outperform” rating and a $40.00 price objective on the stock. Mizuho set a $17.00 target price on shares of Rigetti Computing in a report on Wednesday. Rosenblatt Securities restated a “buy” rating and set a $40.00 target price on shares of Rigetti Computing in a research report on Friday, August 7th. Jefferies Financial Group decreased their target price on shares of Rigetti Computing from $18.00 to $12.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, B. Riley Financial lowered their price target on shares of Rigetti Computing from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Monday. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $23.56.
View Our Latest Stock Analysis on RGTI
Rigetti Computing Stock Down 8.6%
Rigetti Computing stock opened at $11.11 on Wednesday. Rigetti Computing has a 52 week low of $9.19 and a 52 week high of $31.65. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of -30.86 and a beta of 2.15. The stock has a 50-day moving average price of $13.76 and a 200 day moving average price of $16.72.
Rigetti Computing (NASDAQ:RGTI – Get Free Report) last issued its quarterly earnings results on Tuesday, November 10th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Rigetti Computing had a negative return on equity of 19.25% and a negative net margin of 737.60%. The business had revenue of $1.41 million during the quarter, compared to analyst estimates of $3.50 million. During the same quarter last year, the company posted ($0.03) EPS. Rigetti Computing’s quarterly revenue was down 27.5% compared to the same quarter last year. Research analysts anticipate that Rigetti Computing will post -0.26 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CFO Jeffrey A. Bertelsen sold 25,000 shares of Rigetti Computing stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $15.00, for a total value of $375,000.00. Following the completion of the transaction, the chief financial officer owned 168,067 shares in the company, valued at $2,521,005. The trade was a 12.95% decrease in their position. The sale was disclosed in a document filed 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, CEO Subodh K. Kulkarni sold 120,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $15.68, for a total value of $1,881,600.00. Following the completion of the transaction, the chief executive officer directly owned 140,411 shares of the company’s stock, valued at $2,201,644.48. The trade was a 46.08% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 163,689 shares of company stock valued at $2,570,890 over the last quarter. Insiders own 1.60% of the company’s stock.
Institutional Trading of Rigetti Computing
Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its position in shares of Rigetti Computing by 15.5% in the first quarter. Bank of New York Mellon Corp now owns 1,297,462 shares of the company’s stock valued at $18,216,000 after buying an additional 174,126 shares in the last quarter. Swiss National Bank grew its stake in Rigetti Computing by 2.2% in the 1st quarter. Swiss National Bank now owns 653,300 shares of the company’s stock valued at $9,172,000 after acquiring an additional 14,100 shares during the period. Wellington Management Group LLP increased its holdings in Rigetti Computing by 13.4% in the 2nd quarter. Wellington Management Group LLP now owns 538,449 shares of the company’s stock worth $10,403,000 after acquiring an additional 63,658 shares in the last quarter. Burr Financial Services LLC purchased a new stake in Rigetti Computing in the 3rd quarter worth $6,181,000. Finally, California State Teachers Retirement System increased its holdings in Rigetti Computing by 22.8% in the 1st quarter. California State Teachers Retirement System now owns 377,955 shares of the company’s stock worth $5,306,000 after acquiring an additional 70,179 shares in the last quarter. 35.38% of the stock is owned by institutional investors and hedge funds.
Rigetti Computing News Summary
Here’s some of the latest news about RGTI:
- Positive Sentiment: Rigetti reported 99.5% median two-qubit gate fidelity on its 108-qubit system and outlined plans to scale toward a 1,000-qubit system. The company also highlighted up to $100 million in Department of Commerce funding, supporting its longer-term development roadmap. Article: Rigetti Q3 Earnings Call Highlights Quantum Roadmap and Funding
- Neutral Sentiment: Rigetti cited substantial liquidity and a debt-free balance sheet, while gross margin improved. However, management said commercial quantum computing may still be roughly three years away, making near-term sales growth uncertain. Article: Rigetti Computing Inc Q3 2026 Earnings Call Highlights
- Negative Sentiment: Third-quarter revenue was $1.41 million, down 27.5% year over year and well below analyst expectations; the reported per-share loss also missed estimates. Rigetti guided to $20 million in 2026 revenue versus a roughly $23 million consensus, while management signaled elevated capital spending will continue through 2027. Analysts lowered forecasts and price targets after the results, adding to concerns about execution and cash burn. Article: Analysts Lower Their Forecasts on Rigetti After Downbeat Q3 Results
Rigetti Computing Company Profile
Rigetti Computing develops superconducting quantum computers and related software. Its work spans the design and manufacture of quantum processors, as well as systems that connect quantum processors with conventional computing infrastructure. The company offers access to its quantum computers and development tools through its Quantum Cloud Services platform. It also provides quantum hardware for on-premises use, serving customers and research organizations exploring quantum applications. Founded in 2013 by physicist Chad Rigetti, the company is based in Berkeley, California.
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