Rigetti Computing (NASDAQ:RGTI) Given New $20.00 Price Target at StoneX

Rigetti Computing (NASDAQ:RGTI) had its target price decreased by StoneX from $25.00 to $20.00 in a research note published on Wednesday morning,Benzinga reports. StoneX currently has a buy rating on the stock.

A number of other analysts have also weighed in on the company. Wedbush started coverage on Rigetti Computing in a research note on Monday, August 3rd. They set an “outperform” rating and a $40.00 price objective for the company. Jefferies Financial Group decreased their target price on shares of Rigetti Computing from $18.00 to $12.00 and set a “hold” rating on the stock in a research note on Wednesday. Mizuho set a $17.00 price target on shares of Rigetti Computing in a report on Wednesday. B. Riley Financial dropped their price target on shares of Rigetti Computing from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Monday. Finally, Zacks Research raised shares of Rigetti Computing from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 6th. Seven equities research 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’s stock. Based on data from MarketBeat, Rigetti Computing has an average rating of “Hold” and a consensus price target of $23.56.

Rigetti Computing Trading Down 8.6%

NASDAQ RGTI opened at $11.11 on Wednesday. Rigetti Computing has a 1-year low of $9.19 and a 1-year high of $31.65. The stock has a 50-day moving average of $13.76 and a 200-day moving average of $16.72. The firm has a market cap of $3.71 billion, a PE ratio of -30.86 and a beta of 2.15.

Rigetti Computing (NASDAQ:RGTI) last posted its quarterly earnings results on Tuesday, November 10th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $1.41 million for the quarter, compared to the consensus estimate of $3.50 million. Rigetti Computing had a negative return on equity of 19.25% and a negative net margin of 737.60%. Rigetti Computing’s revenue was down 27.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.03) earnings per share. As a group, equities research analysts forecast that Rigetti Computing will post -0.26 earnings per share for the current fiscal year.

Insider Activity at Rigetti Computing

In other Rigetti Computing news, CFO Jeffrey A. Bertelsen sold 25,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $15.00, for a total value of $375,000.00. Following the completion of the sale, the chief financial officer directly owned 168,067 shares in the company, valued at $2,521,005. This trade represents a 12.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Subodh K. Kulkarni sold 120,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $15.68, for a total transaction of $1,881,600.00. Following the completion of the sale, the chief executive officer owned 140,411 shares of the company’s stock, valued at $2,201,644.48. This trade represents a 46.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 163,689 shares of company stock worth $2,570,890 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Resona Asset Management Co. Ltd. raised its position in shares of Rigetti Computing by 17.3% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 6,128 shares of the company’s stock worth $96,000 after acquiring an additional 905 shares in the last quarter. Rathbones Group PLC boosted its position in shares of Rigetti Computing by 8.6% during the third quarter. Rathbones Group PLC now owns 14,869 shares of the company’s stock valued at $234,000 after purchasing an additional 1,175 shares in the last quarter. Berger Financial Group Inc boosted its position in shares of Rigetti Computing by 21.5% during the third quarter. Berger Financial Group Inc now owns 13,878 shares of the company’s stock valued at $218,000 after purchasing an additional 2,458 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Rigetti Computing in the third quarter worth $1,022,000. Finally, OneAscent Financial Services LLC purchased a new stake in Rigetti Computing in the third quarter worth $173,000. Hedge funds and other institutional investors own 35.38% of the company’s stock.

Latest Rigetti Computing News

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.