Rigetti Computing shares rise 5% amid market strength
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 05 Jan 26
Rigetti Computing Inc's shares increased by 5.00% as the stock reached a 5-day high, reflecting positive momentum in the market.
This price movement occurs amid broad market strength, with the Nasdaq-100 up 0.89% and the S&P 500 up 0.51%. Investors are showing renewed interest in Rigetti, despite previous concerns regarding its financial performance and industry challenges.
The recent uptick in Rigetti's stock price may indicate a shift in investor sentiment, suggesting that the company could be regaining some confidence in the quantum computing sector.
Analyst Views on RGTI
Wall Street analysts forecast RGTI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RGTI is 39.75 USD with a low forecast of 30.00 USD and a high forecast of 51.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 24.990
Low
30.00
Averages
39.75
High
51.00
Current: 24.990
Low
30.00
Averages
39.75
High
51.00
About RGTI
Rigetti Computing, Inc. is a full-stack quantum computing company. The Company operates quantum computers over the cloud and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The Company’s quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. It has developed a multi-chip quantum processor for scalable quantum computing systems. Through the Company’s Quantum Computing as a Service (QCaaS) platform, its machines can be integrated into any public, private or hybrid cloud. It is also engaged in the sale of quantum processing units (QPUs) and custom computing components, and development contracts and other services. Its QPUs contain fabricated silicon-based chips featuring superconducting qubits. The Company designs and manufactures its chips in-house at Fab-1, an integrated quantum device manufacturing facility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
