StoneX Has Lowered Expectations for Rigetti Computing (NASDAQ:RGTI) Stock Price

Rigetti Computing (NASDAQ:RGTI) had its price target reduced by analysts at StoneX from $25.00 to $20.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. StoneX‘s price target suggests a potential upside of 80.02% from the stock’s previous close.

Several other analysts also recently weighed in on RGTI. Jefferies Financial Group decreased their price objective on Rigetti Computing from $18.00 to $12.00 and set a “hold” rating for the company in a report on Wednesday. Wedbush assumed coverage on shares of Rigetti Computing in a report on Monday, August 3rd. They set an “outperform” rating and a $40.00 target price on the stock. Needham & Company LLC cut their target price on shares of Rigetti Computing from $31.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday. B. Riley Financial cut their target price on shares of Rigetti Computing from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Mizuho set a $17.00 price target on shares of Rigetti Computing in a report on Wednesday. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $23.56.

Rigetti Computing Stock Down 8.6%

RGTI opened at $11.11 on Wednesday. The stock’s fifty day moving average is $13.76 and its two-hundred day moving average is $16.72. The company has a market capitalization of $3.71 billion, a P/E ratio of -30.86 and a beta of 2.15. Rigetti Computing has a 52 week low of $9.19 and a 52 week high of $31.65.

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

Insider Buying and Selling

In other Rigetti Computing news, CFO Jeffrey A. Bertelsen sold 25,000 shares of Rigetti Computing stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $15.00, for a total value of $375,000.00. Following the transaction, the chief financial officer owned 168,067 shares in the company, valued at $2,521,005. The trade was a 12.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO David Rivas sold 9,038 shares of Rigetti Computing stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $16.79, for a total value of $151,748.02. Following the completion of the transaction, the chief operating officer owned 316,907 shares in the company, valued at $5,320,868.53. This trade represents a 2.77% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 163,689 shares of company stock valued at $2,570,890. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Rigetti Computing

Hedge funds have recently modified their holdings of the company. Resona Asset Management Co. Ltd. grew its stake in Rigetti Computing by 17.3% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 6,128 shares of the company’s stock worth $96,000 after buying an additional 905 shares during the last quarter. Rathbones Group PLC increased its stake in Rigetti Computing by 8.6% during the 3rd 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 raised its holdings in shares of Rigetti Computing by 21.5% in the third quarter. Berger Financial Group Inc now owns 13,878 shares of the company’s stock worth $218,000 after buying an additional 2,458 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Rigetti Computing in the third quarter worth $1,022,000. Finally, OneAscent Financial Services LLC acquired a new stake in shares of Rigetti Computing during the third quarter worth $173,000. 35.38% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Rigetti Computing

Investors following RGTI have been watching these headlines:

• 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.