Rigetti Computing, Inc. (NASDAQ:RGTI – Free Report) – Equities research analysts at Northland Securities issued their FY2026 earnings per share (EPS) estimates for Rigetti Computing in a note issued to investors on Monday, April 20th. Northland Securities analyst N. Chokshi anticipates that the company will post earnings of ($0.13) per share for the year. Northland Securities currently has a “Market Perform” rating and a $20.00 price target on the stock. The consensus estimate for Rigetti Computing’s current full-year earnings is ($0.17) per share. Northland Securities also issued estimates for Rigetti Computing’s FY2027 earnings at ($0.12) EPS.
A number of other equities analysts have also weighed in on the company. Benchmark dropped their price objective on Rigetti Computing from $35.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, March 20th. TD Cowen lowered Rigetti Computing from a “buy” rating to a “hold” rating in a research note on Thursday, February 12th. B. Riley Financial raised Rigetti Computing from a “neutral” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Thursday, January 22nd. Royal Bank Of Canada lowered Rigetti Computing to a “hold” rating in a research note on Thursday, January 22nd. Finally, Wedbush upped their price objective on Rigetti Computing from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.64.
Rigetti Computing Stock Down 7.1%
Shares of Rigetti Computing stock opened at $18.25 on Wednesday. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of -26.84 and a beta of 1.82. The stock’s 50-day simple moving average is $16.11 and its 200-day simple moving average is $24.52. Rigetti Computing has a 52 week low of $8.13 and a 52 week high of $58.15.
Rigetti Computing (NASDAQ:RGTI – Get Free Report) last released its earnings results on Wednesday, March 4th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company had revenue of $1.87 million for the quarter, compared to the consensus estimate of $2.33 million. Rigetti Computing had a negative return on equity of 14.91% and a negative net margin of 3,111.92%.Rigetti Computing’s revenue for the quarter was down 17.9% compared to the same quarter last year.
Insider Transactions at Rigetti Computing
In related news, CTO David Rivas sold 36,719 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $17.52, for a total value of $643,316.88. Following the sale, the chief technology officer directly owned 651,914 shares in the company, valued at approximately $11,421,533.28. The trade was a 5.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey A. Bertelsen sold 4,270 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $17.52, for a total value of $74,810.40. Following the completion of the sale, the chief financial officer owned 175,609 shares in the company, valued at $3,076,669.68. This represents a 2.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.
Institutional Investors Weigh In On Rigetti Computing
A number of hedge funds have recently made changes to their positions in RGTI. Signature Wealth Management Partners LLC raised its position in Rigetti Computing by 18.8% during the first quarter. Signature Wealth Management Partners LLC now owns 14,638 shares of the company’s stock valued at $206,000 after purchasing an additional 2,320 shares during the period. OP Asset Management Ltd purchased a new stake in Rigetti Computing during the first quarter valued at approximately $75,000. Wealth Management Partners LLC raised its position in Rigetti Computing by 5.9% during the first quarter. Wealth Management Partners LLC now owns 44,750 shares of the company’s stock valued at $628,000 after purchasing an additional 2,491 shares during the period. SG Americas Securities LLC raised its position in Rigetti Computing by 197.2% during the first quarter. SG Americas Securities LLC now owns 169,203 shares of the company’s stock valued at $2,376,000 after purchasing an additional 112,265 shares during the period. Finally, True Vision MN LLC purchased a new stake in Rigetti Computing during the first quarter valued at approximately $218,000. 35.38% of the stock is currently owned by hedge funds and other institutional investors.
Key Rigetti Computing News
Here are the key news stories impacting Rigetti Computing this week:
- Positive Sentiment: Northland Securities initiated coverage with a “Market Perform” rating and a $20 price target (implies ~9–10% upside vs. recent levels); the report also models slightly smaller FY26/FY27 losses than consensus, which supports near-term share momentum. Northland Securities Begins Coverage on Rigetti Computing (NASDAQ:RGTI)
- Positive Sentiment: Rigetti announced general availability of its 108‑qubit system Cepheus‑1‑108Q via its Quantum Cloud Services and Amazon Braket — a clear commercial milestone that can drive customer adoption and revenue growth in cloud quantum services. Rigetti Computing (RGTI): Among the Best Up and Coming Semiconductor Stocks to Buy
- Positive Sentiment: Technical performance headlines — Rigetti reports up to 99.9% two‑qubit gate fidelity at 28 ns and is advancing a chiplet approach — strengthen the company’s competitive positioning and long‑term scaling narrative. Can Rigetti’s 99.9% Fidelity Enable Large-Scale Quantum Systems?
- Positive Sentiment: Momentum in the quantum/AI trade (NVIDIA-driven headlines) and positive coverage in sector lists are drawing fresh attention and volatility into Rigetti shares, supporting further upside potential. NVIDIA Sparks April Rally in 2 Quantum Stocks, 40%+ Upside Still Left
- Neutral Sentiment: Industry commentary comparing peer rallies (e.g., D‑Wave) highlights sector rotation but does not directly change Rigetti’s fundamentals. What’s Behind D-Wave’s Spring Rally, and Will It Continue? (RGTI)
- Negative Sentiment: Fundamentals remain a constraint: Q4 revenue declined year‑over‑year and operating losses widened as OpEx rose — Rigetti reported negative operating cash flow even though it has a sizable cash runway. These remind investors that profitability and revenue scale are still uncertain. Rigetti’s Hidden Edge The Market Ignores
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.
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