Rigetti Computing Inc's stock is down 3.04% in pre-market trading, hitting a 20-day low. This decline comes as the Nasdaq-100 is down 0.67% and the S&P 500 is down 0.42%, indicating broader market weakness.
The stock's movement reflects sector rotation, as Rigetti faces challenges despite securing $5.7 million in orders for its Novera quantum computing systems. The company is also working on significant technological advancements, including a new 150+-qubit system expected by the end of 2026, which could enhance its competitive position in the market.
Investors are cautious as Rigetti has reported a 39% revenue decline year-over-year, raising concerns about its future viability in the competitive quantum computing sector. The ongoing losses and high valuation ratios suggest that the stock may face further pressure in the near term.
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
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.
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
Wedbush
Outperform
initiated
$35
Al Analysis
2025-12-17
Reason
Wedbush
Price Target
$35
Al Analysis
2025-12-17
initiated
Outperform
Reason
Wedbush initiated coverage of Rigetti Computing with an Outperform rating and $35 price target. With over a decade of experience in quantum computing research and development and as one of the current leaders in the superconducting qubit modality, the firm believes Rigetti is well positioned to benefit from the long-term growth in the quantum hardware addressable market. The superconducting qubits modality currently offers the broadest range of actively explored quantum computing use cases due to the rapid progress and industry momentum, and the large amounts of funding invested in this modality by some of the world's largest companies as well as the Government of China, Wedbush adds.
Jefferies
Hold
initiated
$30
2025-12-16
Reason
Jefferies
Price Target
$30
2025-12-16
initiated
Hold
Reason
Jefferies initiated coverage of Rigetti Computing with a Hold rating and $30 price target. The company will benefit from early-cycle quantum tailwinds, but the stock is balanced by execution and revenue mix risks, the analyst tells investors in a research note. The firm says Rigetti's credibility from past roadmap slips require sustained delivery while its revenue remains heavily government-dependent, which hinders near-term visibility.
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Mizuho
Vijay Rakesh
Outperform
initiated
$50
2025-12-11
Reason
Mizuho
Vijay Rakesh
Price Target
$50
2025-12-11
initiated
Outperform
Reason
Mizuho analyst Vijay Rakesh initiated coverage of Rigetti Computing with an Outperform rating and $50 price target. The firm sees the company scaling with $450M in cash, equivalents, and investments on hand. This could be sufficient to operate through at least 2030, the analyst tells investors in a research note. Mizuho says Rigetti is the closest scalable superconducting quantum computing peer to IBM and Google.
B. Riley
Neutral
downgrade
$42 -> $35
2025-11-12
Reason
B. Riley
Price Target
$42 -> $35
2025-11-12
downgrade
Neutral
Reason
B. Riley lowered the firm's price target on Rigetti Computing to $35 from $42 and keeps a Neutral rating on the shares. Sales and EPS came near modest consensus estimates, with most system sales expected in 1Q26 and 2Q26, the analyst tells investors in a research note. Cash of roughly $600M could support future M&A, though no immediate targets are identified, while shares have pulled back slightly after recent gains, the firm says.
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.
