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

Rigetti Computing (NASDAQ:RGTI)‘s stock had its “buy” rating reaffirmed by research analysts at Rosenblatt Securities in a research note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a $40.00 target price on the stock. Rosenblatt Securities’ target price points to a potential upside of 135.16% from the company’s current price.

Several other equities research analysts have also commented on RGTI. TD Cowen lowered Rigetti Computing from a “buy” rating to a “hold” rating in a research note on Thursday, February 12th. Wedbush lifted their price objective on Rigetti Computing from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Royal Bank Of Canada downgraded Rigetti Computing to a “hold” rating in a research report on Thursday, January 22nd. Alliance Global Partners reissued a “buy” rating on shares of Rigetti Computing in a report on Tuesday, November 11th. Finally, Benchmark dropped their price target on Rigetti Computing from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.70.

Rigetti Computing Stock Up 0.2%

Shares of RGTI opened at $17.01 on Thursday. Rigetti Computing has a 52-week low of $6.86 and a 52-week high of $58.15. The company has a 50-day simple moving average of $20.24 and a 200-day simple moving average of $25.75. The company has a market capitalization of $5.61 billion, a PE ratio of -25.01 and a beta of 1.71.

Rigetti Computing (NASDAQ:RGTI) last released its quarterly earnings data on Wednesday, March 4th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Rigetti Computing had a negative net margin of 3,111.92% and a negative return on equity of 14.91%. The firm had revenue of $1.87 million for the quarter, compared to the consensus estimate of $2.33 million. The business’s quarterly revenue was down 17.9% on a year-over-year basis. On average, research analysts anticipate that Rigetti Computing will post -0.34 EPS for the current year.

Institutional Investors Weigh In On Rigetti Computing

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. boosted its stake in shares of Rigetti Computing by 119.2% during the second quarter. Osaic Holdings Inc. now owns 260,307 shares of the company’s stock valued at $3,087,000 after acquiring an additional 141,541 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Rigetti Computing by 24.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 43,260 shares of the company’s stock valued at $513,000 after purchasing an additional 8,419 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in Rigetti Computing by 43.8% in the 3rd quarter. Penserra Capital Management LLC now owns 2,445,818 shares of the company’s stock valued at $72,860,000 after purchasing an additional 744,577 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in Rigetti Computing by 16.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 195,159 shares of the company’s stock valued at $2,315,000 after purchasing an additional 27,422 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Rigetti Computing by 18.3% during the 2nd quarter. Swiss National Bank now owns 546,100 shares of the company’s stock worth $6,477,000 after purchasing an additional 84,300 shares during the last quarter. 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: Management highlighted technical progress (including work toward larger qubit systems such as a 108‑qubit roadmap) and other R&D milestones that support the company’s long‑term growth narrative. Earnings Call Highlights
• Positive Sentiment: Rigetti beat EPS estimates for Q4 (reported -$0.03 vs. consensus -$0.05), narrowing losses year‑over‑year — a data point some investors view as evidence of improving unit economics if operating costs are controlled. Zacks: Q4 Results
• Positive Sentiment: Analyst coverage remains constructive: several firms reaffirmed buy/outperform ratings or maintained large upside price targets (Rosenblatt, Benchmark, Mizuho, Needham), signaling continued institutional conviction despite the quarter. Analyst Reaction / Upside Notes
• Neutral Sentiment: Broader industry optimism persists — Wall Street continues to treat quantum pure‑plays as early‑stage, high‑upside thematic investments even as trajectories remain uncertain; that macro sentiment can buffer short‑term weakness. Industry Primer
• Neutral Sentiment: New entrants and rival moves matter: a competing firm (Horizon Quantum) is set to go public via a SPAC, which could change competitive dynamics and investor comparisons in the near term. Competitor IPO
• Negative Sentiment: Revenue miss and margin pressure: Q4 revenue of ~$1.87M fell well short of analyst estimates (consensus ~\$2.3M), revenue declined year‑over‑year and operating losses widened as opex rose — the principal reason shares sold off after the print. Revenue Miss & Margins
• Negative Sentiment: Near‑term sentiment turned negative as investors and some desks pared outlooks and digested the revenue shortfall; several headlines and trading desks noted the stock slid after the report. Market Reaction

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.