Rigetti Computing, Inc. (NASDAQ:RGTI) Receives Consensus Rating of “Moderate Buy” from Analysts

Posted by Alphonse Anthony on Jun 24th, 2026

Shares of Rigetti Computing, Inc. (NASDAQ:RGTI – Get Free Report) have earned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $29.1818.

A number of equities research analysts have issued reports on RGTI shares. Wall Street Zen upgraded shares of Rigetti Computing from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Rigetti Computing in a research note on Tuesday, June 2nd. Benchmark reduced their price objective on shares of Rigetti Computing from $35.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, March 20th. Needham & Company LLC reiterated a “buy” rating and set a $31.00 price objective on shares of Rigetti Computing in a research note on Tuesday, May 12th. Finally, Mizuho reduced their price objective on shares of Rigetti Computing from $33.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th.

Get Our Latest Report on RGTI

Rigetti Computing Stock Down 0.5%

Shares of Rigetti Computing stock opened at $21.28 on Wednesday. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of -24.46 and a beta of 1.88. Rigetti Computing has a 12-month low of $10.80 and a 12-month high of $58.15. The firm’s 50-day moving average price is $20.34 and its two-hundred day moving average price is $19.99.

Rigetti Computing (NASDAQ:RGTI – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $4.40 million for the quarter, compared to the consensus estimate of $4.09 million. Rigetti Computing had a negative net margin of 2,789.71% and a negative return on equity of 10.40%. The business’s revenue for the quarter was up 198.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) earnings per share. On average, sell-side analysts expect that Rigetti Computing will post -0.22 earnings per share for the current year.

Insider Transactions at Rigetti Computing

In other news, Director Ray O. Johnson sold 122,188 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $21.30, for a total value of $2,602,604.40. Following the completion of the transaction, the director owned 171,273 shares of the company’s stock, valued at approximately $3,648,114.90. This represents a 41.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO David Rivas sold 499,328 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $25.40, for a total transaction of $12,682,931.20. Following the completion of the transaction, the chief technology officer directly owned 325,945 shares of the company’s stock, valued at $8,279,003. This trade represents a 60.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 728,901 shares of company stock valued at $17,546,343. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Danske Bank A S bought a new position in shares of Rigetti Computing in the third quarter worth about $30,000. Parallel Advisors LLC raised its holdings in Rigetti Computing by 403.2% in the 3rd quarter. Parallel Advisors LLC now owns 1,087 shares of the company’s stock valued at $32,000 after buying an additional 871 shares during the last quarter. Clearstead Advisors LLC bought a new position in Rigetti Computing in the 3rd quarter valued at approximately $35,000. Heritage Wealth Advisors raised its holdings in Rigetti Computing by 454.3% in the 4th quarter. Heritage Wealth Advisors now owns 1,164 shares of the company’s stock valued at $26,000 after buying an additional 954 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in 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 last quarter. Institutional investors own 35.38% of the company’s stock.

Trending Headlines about Rigetti Computing

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

Positive Sentiment: U.S. executive orders are reinforcing bullish momentum for quantum-computing stocks, including Rigetti, by signaling stronger government support for the industry and faster adoption prospects. Quantum Computing Stocks Mixed Amid Trump Executive Orders, 2028 Target
Positive Sentiment: Rigetti has also been highlighted as a strategic pillar of U.S. quantum and AI security policy after securing up to $100 million in milestone-based CHIPS Act funding, which could strengthen its balance sheet and long-term development path. Is Rigetti (RGTI) Becoming a Strategic Pillar of U.S. Quantum and AI Security Policy?
Positive Sentiment: Analyst commentary continues to support the stock, with articles pointing to Rigetti’s higher implied upside, cash-rich position, and chiplet progress as reasons it may be a strong post-Quantinuum IPO play. Rigetti vs. IonQ: Which Quantum Stock Wins After Quantinuum’s IPO?
Neutral Sentiment: Several recent articles discuss Rigetti’s penny-stock history and trading momentum, which keeps the stock in the spotlight but does not by itself change the operating outlook. Can Rigetti Computing (NASDAQ:RGTI) Sustain Its Penny Stock Momentum?
Negative Sentiment: Director Ray Johnson sold 84,944 shares in a pre-arranged Rule 10b5-1 transaction, which may weigh on sentiment even though the sale was not necessarily a negative signal about the business. Ray Johnson Sells 84,944 Shares of Rigetti Computing (NASDAQ:RGTI) Stock
Negative Sentiment: Some analyst commentary still flags rich valuation and macro pressure as risks for quantum names like Rigetti, suggesting the rally could face volatility if the broader risk appetite cools. 2 Quantum Stocks That Are a Sell Today Despite Long-Term Promise

Rigetti Computing Company Profile

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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.