Rigetti Computing, Inc. -
Technology · USD · NASDAQ
Price
$21.77
Cap
$6.29B
Earnings
2/3 beat
30d Trend
+18.7%
Lower half of range — may offer entry value
Target range: $20.00 – $40.00 (consensus: $30.67)
Consensus: Moderate Buy
Earnings history
Q1 2026
BEAT
-0.04 vs -0.04
Q4 2025
—
Q3 2025
BEAT
-0.03 vs -0.05
Key macro factors
EU DMA Review Targets AI and Cloud Platforms for Future Enforcement: Rigetti Computing offers Quantum Cloud Services, and any regulatory scrutiny or enforcement targeting cloud platforms could expand to or impact emerging cloud-based quantum computing services, potentially affecting Rigetti's operational framework and market access in the EU.
US April CPI Rises to 3.8% Annually, Exceeding Expectations: Higher inflation and interest rates could impact funding availability and the cost of capital for a growth-stage technology company like Rigetti, which is not yet profitable. Additionally, enterprise and government customers might delay or reduce spending on advanced, capital-intensive technologies like quantum computing if economic uncertainty persists.
Global Geopolitical Tensions/Trade Restrictions: Rigetti Computing operates internationally, with locations and revenue streams in the US, UK, and other regions. Geopolitical tensions and potential trade restrictions could disrupt its supply chain for critical components, impact international partnerships, or affect its ability to deploy quantum systems globally.
Rigetti Computing, Inc. is a pioneering integrated systems company specializing in quantum computing technology, designing and building quantum computers and superconducting quantum processors, and integrating them into various cloud platforms through its Quantum Cloud Services.
BRAIN47 SIGNAL
Raw weighted: 33×Macro 0.99 (−1%)=33
RISK
QUALITY
MOMENTUM
TECHNICAL
FUNDAMENTALS
Macro: neutral (×0.99) - Fear/Greed: 64 (Greed) - Data: 100%
BRAIN47 HORIZON ANALYSIS
Limited short-term thesis
BRAIN47'S ASSESSMENT
I rate Rigetti Computing, Inc. - at 33/100 — a WEAK reading on the Brain47 Signal. The strongest factor is technical at 43/100. I classify this as a speculative position with the strongest thesis on a short-term horizon.
DETAILED ANALYSIS
Limited short-term thesis. Technical (43) and Quality (37) are the primary strengths. I note that fundamentals is the weakest area at 15/100 — this warrants monitoring. I classify this as a speculative position — elevated volatility at 108% and asymmetric payoff potential define the opportunity.
Recent news (6)
RGTI Reiterated by Needham -- Price Target Maintained at $31
On May 12, 2026, Rigetti Computing (RGTI) received a "Buy" rating from analyst N. Quinn Bolton at Needham, who reiterated a price target of $31.00. This follows the company's Q1 2026 results where customer traction was seen as increasing. Rigetti recognized less than half of a $5.7 million order for Novera QPU systems and expects the remainder in Q2 2026, along with revenue from a sale to a Japan-based organization.
Rigetti Plans $100 Million U.K. Quantum Investment
Rigetti Computing announced its intention to invest up to $100 million in the U.K. This significant investment is earmarked for deploying a UK-based quantum computing system with over 1,000 qubits within the next three to four years. This initiative marks Rigetti's first major investment outside of the United States, signaling a strategic expansion of its global footprint in quantum computing.
What's Going On With Rigetti Computing On Tuesday?
On May 12, 2026, Rigetti Computing Inc. (NASDAQ:RGTI) shares were up after the company reported its first-quarter results on Monday, May 11, 2026. Rigetti posted a quarterly loss of 4 cents per share, meeting consensus estimates, while revenue of $4.4 million exceeded expectations by 10.86%. The company also announced the general availability of its 108-qubit Cepheus-1-108Q system across multiple quantum computing platforms including Rigetti QCS, Amazon Braket, Microsoft Azure Quantum, and qBraid.
Craig-Hallum reiterates Rigetti Computing stock rating on gate tech
On May 12, 2026, Craig-Hallum reiterated a Buy rating and a $30.00 price target on Rigetti Computing Inc. The firm continues to favor Rigetti's approach to superconducting quantum technology, specifically its adiabatic gate approach, which is expected to become standard later this year. While a recent quantum processing unit did not achieve intended fidelities, the company anticipates reaching these fidelities on its 108-qubit QPU by year-end.
Cantor Fitzgerald reiterates Rigetti stock Overweight rating at $30
On May 12, 2026, Cantor Fitzgerald reiterated an Overweight rating on Rigetti Computing Inc. (NASDAQ:RGTI) with a price target of $30.00. This target represents approximately 50% upside potential from the stock's current trading price of $20.05. The firm noted that Rigetti is in the very early stages of commercializing its superconducting quantum technology and believes the company can capture 20% of the quantum hardware, software, and services market by 2035.
Rigetti Computing (NASDAQ:RGTI) Shares Down 7% Following Analyst Downgrade
Rigetti Computing's shares experienced a 7% drop during mid-day trading on May 12, 2026, after Mizuho lowered its price target to $27 from $33, although still maintaining an "outperform" rating. The stock traded as low as $18.23 on high volume. This decline occurred despite the company reporting better-than-expected Q1 earnings, with a narrower-than-anticipated loss and significant revenue growth of 198.9% year-over-year to $4.4 million.
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