Rigetti Computing (NASDAQ:RGTI) Trading 6.7% Higher – Should You Buy?

Rigetti Computing, Inc. (NASDAQ:RGTI)’s share price rose 6.7% during trading on Monday . The stock traded as high as $15.89 and last traded at $15.88. Approximately 25,611,498 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 30,317,223 shares. The stock had previously closed at $14.88.

More Rigetti Computing News

Here are the key news stories impacting Rigetti Computing this week:

• Positive Sentiment: Rigetti announced plans to invest up to $100 million in the UK to accelerate quantum development — its first major investment outside the U.S., which could expand customer access, partnerships, and commercial deployments in Europe. Rigetti Investing $100M in UK
• Positive Sentiment: Coverage highlights Rigetti’s NVIDIA partnership as a strategic step to embed its quantum tech into AI workflows — a potential pathway to new enterprise use cases and revenue if hybrid quantum?AI products gain traction. Can Rigetti’s NVIDIA Partnership Unlock Quantum-AI Breakthroughs?
• Positive Sentiment: Analyst comparisons (QBTS vs RGTI) argue Rigetti may be relatively better positioned than peers like D-Wave as the sector cools — emphasizing execution on scaling and deployments as the key differentiator for future upside. QBTS vs. RGTI: Which Quantum Stock Is the Better Investment Now? Zacks QBTS vs RGTI
• Neutral Sentiment: Reports show a “large increase” in short interest for March but the published figures are zero/NaN and days-to-cover are shown as 0.0 — this appears to be reporting noise or a data error and is unlikely to meaningfully explain today’s move.
• Negative Sentiment: Coverage noting the stock has crashed and investor enthusiasm for quantum has cooled underscores downside risk: weak near-term revenue, high cash burn and negative margins leave the share price vulnerable while the company proves commercial traction. Should You Buy Rigetti While It’s Below $20?

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. TD Cowen downgraded shares of Rigetti Computing from a “buy” rating to a “hold” rating in a research report on Thursday, February 12th. Needham & Company LLC cut their target price on Rigetti Computing from $51.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, March 5th. Wall Street Zen lowered Rigetti Computing from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Benchmark dropped their price target on Rigetti Computing from $35.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, March 20th. Finally, Royal Bank Of Canada cut Rigetti Computing to a “hold” rating in a research note on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.70.

Rigetti Computing Trading Down 2.9%

The company has a fifty day moving average of $18.34 and a 200-day moving average of $25.97. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of -22.26 and a beta of 1.71.

Rigetti Computing (NASDAQ:RGTI) last announced its earnings results on Wednesday, March 4th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $1.87 million during the quarter, compared to analysts’ expectations of $2.33 million. Rigetti Computing had a negative return on equity of 14.91% and a negative net margin of 3,111.92%.The company’s revenue was down 17.9% compared to the same quarter last year. As a group, equities research analysts expect that Rigetti Computing, Inc. will post -0.34 EPS for the current year.

Insider Buying and Selling at Rigetti Computing

In other Rigetti Computing news, CTO David Rivas sold 36,719 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $17.52, for a total value of $643,316.88. Following the transaction, the chief technology officer owned 651,914 shares in the company, valued at approximately $11,421,533.28. This trade represents a 5.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jeffrey A. Bertelsen sold 4,270 shares of Rigetti Computing stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $17.52, for a total transaction of $74,810.40. Following the sale, the chief financial officer directly owned 175,609 shares in the company, valued at approximately $3,076,669.68. This trade represents a 2.37% decrease in their position. The SEC filing for this sale provides additional information.

Hedge Funds Weigh In On Rigetti Computing

A number of institutional investors and hedge funds have recently bought and sold shares of RGTI. Danske Bank A S acquired a new stake in Rigetti Computing in the 3rd quarter valued at approximately $30,000. Parallel Advisors LLC boosted its position in shares of Rigetti Computing by 403.2% during the third quarter. Parallel Advisors LLC now owns 1,087 shares of the company’s stock worth $32,000 after buying an additional 871 shares during the period. Clearstead Advisors LLC purchased a new position in shares of Rigetti Computing during the third quarter worth $35,000. Heritage Wealth Advisors grew its stake in shares of Rigetti Computing by 454.3% in the fourth quarter. Heritage Wealth Advisors now owns 1,164 shares of the company’s stock valued at $26,000 after buying an additional 954 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Rigetti Computing by 138.4% in the 4th quarter. Larson Financial Group LLC now owns 1,218 shares of the company’s stock valued at $27,000 after buying an additional 707 shares during the period. 35.38% of the stock is currently owned by institutional investors and hedge funds.

About Rigetti Computing

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.