Rigetti Computing (NASDAQ:RGTI) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Rigetti from "hold" to "sell," though the analyst consensus remains a Moderate Buy (8 buys, 4 holds, 1 sell) with an average price target of $30.64.
• Rigetti slightly beat EPS estimates last quarter (loss of $0.03 vs. -$0.05 expected) but revenue fell 17.9% year‑over‑year and the company reported very negative margins; shares trade around $16.62, well below a 12‑month high of $58.15.
• Insiders including the CTO and CFO recently sold shares (reducing their stakes), while institutional investors own about 35.4% of the company.

Rigetti Computing (NASDAQ:RGTI - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Sunday.

RGTI has been the topic of several other reports. Needham & Company LLC reduced their target price on Rigetti Computing from $51.00 to $31.00 and set a "buy" rating on the stock in a report on Thursday, March 5th. B. Riley Financial upgraded shares of Rigetti Computing from a "neutral" rating to a "buy" rating and set a $35.00 price target on the stock in a research report on Thursday, January 22nd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $40.00 price objective on shares of Rigetti Computing in a research note on Thursday, March 5th. Wedbush increased their price objective on shares of Rigetti Computing from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 21st. Finally, Benchmark decreased their price objective on shares of Rigetti Computing from $35.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, March 20th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.64.

Rigetti Computing Trading Down 1.5%

Shares of RGTI opened at $16.62 on Friday. The stock's 50-day moving average price is $16.20 and its two-hundred day moving average price is $24.11. Rigetti Computing has a 12 month low of $8.35 and a 12 month high of $58.15. The company has a market capitalization of $5.52 billion, a PE ratio of -24.43 and a beta of 1.82.

Rigetti Computing (NASDAQ:RGTI - Get Free Report) last issued its quarterly 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. Rigetti Computing had a negative return on equity of 14.91% and a negative net margin of 3,111.92%.The company had revenue of $1.87 million during the quarter, compared to analysts' expectations of $2.33 million. The company's revenue was down 17.9% on a year-over-year basis. Equities research analysts predict that Rigetti Computing will post -0.16 EPS for the current fiscal year.

Insider Activity at Rigetti Computing

In other Rigetti Computing news, CTO David Rivas sold 36,719 shares of Rigetti Computing stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $17.52, for a total value of $643,316.88. Following the completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jeffrey A. Bertelsen sold 4,270 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $17.52, for a total value of $74,810.40. Following the completion of the transaction, the chief financial officer directly owned 175,609 shares in the company, valued at approximately $3,076,669.68. This trade represents a 2.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Heritage Wealth Advisors grew its holdings in Rigetti Computing by 454.3% in the fourth quarter. Heritage Wealth Advisors now owns 1,164 shares of the company's stock worth $26,000 after purchasing an additional 954 shares during the period. Larson Financial Group LLC raised its holdings in shares of Rigetti Computing by 138.4% during the fourth quarter. Larson Financial Group LLC now owns 1,218 shares of the company's stock valued at $27,000 after purchasing an additional 707 shares during the period. EFG International AG acquired a new position in shares of Rigetti Computing during the fourth quarter valued at about $28,000. Tsfg LLC boosted its position in shares of Rigetti Computing by 320.5% during the 4th quarter. Tsfg LLC now owns 1,312 shares of the company's stock worth $29,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Rigetti Computing by 180.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,334 shares of the company's stock worth $30,000 after purchasing an additional 858 shares in the last quarter. Institutional investors and hedge funds own 35.38% of the company's stock.

Rigetti Computing News Summary

Here are the key news stories impacting Rigetti Computing this week:

• Positive Sentiment: Rigetti signed a new Berkeley lab/office sublease to expand lab capacity, which supports R&D scale-up and operations needed to deliver larger quantum systems and customer services. Rigetti Computing Signs New Berkeley Lab Space Sublease
• Positive Sentiment: Follow-up coverage highlights that a prior "buy-the-dip" call on RGTI has paid off for some investors, reinforcing bullish narrative and investor interest in the stock's recovery potential. One Year Later: Our ‘No-Brainer' Rigetti Call Doubled. What to Do Now.
• Neutral Sentiment: Northland Securities published FY2026 earnings projections for RGTI; analyst forecasts can reset expectations but will matter most if they differ materially from consensus or company guidance. Northland Securities Predicts RGTI FY2026 Earnings
• Negative Sentiment: Market headlines reported that RGTI shares fell sharply (greater than the broader market move) on April 23, signaling investor profit-taking or disappointment; the volatility underscores sensitivity to near-term revenue traction and execution. Rigetti Computing, Inc. (RGTI) Falls More Steeply Than Broader Market: What Investors Need to Know
• Negative Sentiment: Independent comparative/critical coverage contrasts Rigetti with larger incumbents (e.g., Block in the linked piece), which may amplify short-term negative sentiment among risk-averse investors. Block NYSE: XYZ versus Rigetti Computing NASDAQ: RGTI Critical Review

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.