Rigetti Computing (NASDAQ:RGTI) Given “Buy” Rating at Rosenblatt Securities

Rigetti Computing (NASDAQ:RGTI)‘s stock had its “buy” rating restated by analysts at Rosenblatt Securities in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $40.00 price objective on the stock. Rosenblatt Securities’ price target would suggest a potential upside of 141.98% from the stock’s previous close.

Several other research firms also recently commented on RGTI. Benchmark initiated coverage on Rigetti Computing in a report on Monday, July 27th. They issued a “buy” rating and a $25.00 target price on the stock. Wedbush initiated coverage on Rigetti Computing in a report on Monday. They set an “outperform” rating and a $40.00 price target for the company. Mizuho lowered their price target on Rigetti Computing from $33.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. Wall Street Zen upgraded shares of Rigetti Computing from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Weiss Ratings upgraded shares of Rigetti Computing from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. Seven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.00.

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 P/E ratio of -19.00 and a beta of 1.99. The business has a fifty day simple moving average of $18.43 and a two-hundred day simple moving average of $18.06. Rigetti Computing has a 12 month low of $12.53 and a 12 month high of $58.15.

Rigetti Computing (NASDAQ:RGTI) last announced its earnings results on Thursday, August 6th. The company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). The firm had revenue of $5.14 million for the quarter, compared to analysts’ expectations of $5.09 million. Rigetti Computing had a negative net margin of 2,789.71% and a negative return on equity of 10.40%. Analysts predict that Rigetti Computing will post -0.22 earnings per share for the current year.

Insider Transactions at Rigetti Computing

In other news, CFO Jeffrey A. Bertelsen sold 3,682 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $22.95, for a total value of $84,501.90. Following the transaction, the chief financial officer directly owned 171,927 shares in the company, valued at $3,945,724.65. The trade was a 2.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO David Rivas sold 499,328 shares of Rigetti Computing 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 sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 728,901 shares of company stock valued at $17,546,343 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RGTI. Vanguard Group Inc. boosted its stake in shares of Rigetti Computing by 12.2% during the 4th quarter. Vanguard Group Inc. now owns 35,970,648 shares of the company’s stock worth $796,750,000 after purchasing an additional 3,924,171 shares during the period. Victory Capital Management Inc. grew its holdings in Rigetti Computing by 1,632.5% during the 4th quarter. Victory Capital Management Inc. now owns 2,571,289 shares of the company’s stock valued at $56,954,000 after purchasing an additional 2,422,873 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in Rigetti Computing in the 2nd quarter worth about $21,887,000. Norges Bank purchased a new stake in Rigetti Computing in the 4th quarter worth about $38,889,000. Finally, Defiance ETFs LLC bought a new stake in Rigetti Computing in the fourth quarter worth about $34,267,000. Hedge funds and other institutional investors own 35.38% of the company’s stock.

Key Rigetti Computing News

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.

Rigetti Computing Company Profile

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.