Rigetti Computing (RGTI) Stock Forecast & Price Target

$13.17 +0.87 (+7.07%)

Closing price 01/31/2025 04:00 PM Eastern

Extended Trading

$13.23 +0.06 (+0.46%)

As of 01/31/2025 08:00 PM Eastern

Rigetti Computing - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 5 Analyst Ratings

Sell
0

Hold
0

Buy
5

Based on 5 Wall Street analysts who have issued ratings for Rigetti Computing in the last 12 months, the stock has a consensus rating of "Buy." Out of the 5 analysts, 5 have given a buy rating for RGTI.

Consensus Price Target

$5.70
-56.72% Downside

According to the 5 analysts' twelve-month price targets for Rigetti Computing, the average price target is $5.70. The highest price target for RGTI is $12.00, while the lowest price target for RGTI is $2.00. The average price target represents a forecasted downside of -56.72% from the current price of $13.17.

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RGTI Analyst Ratings Over Time

Type	Current Forecast 2/2/24 to 2/1/25	1 Month Ago 1/3/24 to 1/2/25	3 Months Ago 11/4/23 to 11/3/24	1 Year Ago 2/2/23 to 2/2/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$5.70	$4.80	$2.88	$2.50
Forecasted Upside	-56.72% Downside	-76.00% Downside	133.74% Upside	96.85% Upside
Consensus Rating	Buy	Buy	Buy	Moderate Buy

RGTI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RGTI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Rigetti Computing Stock vs. The Competition

Type	Rigetti Computing	Computer and Technology Companies	S&P 500
Consensus Rating Score	3.00	2.68	2.53
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	-56.72% Downside	58.17% Upside	12.26% Upside
News Sentiment Rating	Neutral News See Recent RGTI News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
1/14/2025	B. Riley 4 of 5 stars	Craig Ellis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$4.00 ➝ $8.50	+13.94%
12/20/2024	Craig Hallum 2 of 5 stars	R. Shannon Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$12.00	+60.64%
11/14/2024	Benchmark 3 of 5 stars		Reiterated Rating	Buy ➝ Buy	$2.50 ➝ $2.50	+47.06%
11/13/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$2.00 ➝ $2.00	+34.23%
3/1/2024	Alliance Global Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$3.50	+86.17%
3/28/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$2.00 ➝ $1.50	+150.00%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:15 PM ET.

Should I Buy Rigetti Computing Stock? RGTI Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, January 30, 2025. Please send any questions or comments about these Rigetti Computing pros and cons to contact@marketbeat.com.

Rigetti Computing
Bull Case

Here are some ways that investors could benefit from investing in Rigetti Computing, Inc.:

Rigetti Computing, Inc. is at the forefront of quantum computing technology, offering advanced products like the Ankaa-2 system, which positions the company as a leader in a rapidly growing industry.
The company has established a cloud-based quantum computing service, allowing businesses to access powerful quantum processing units without the need for significant upfront investment in hardware.
Recent institutional investment, such as SG Americas Securities LLC increasing its stake by 10.5%, indicates growing confidence in the company's future performance and potential for stock appreciation.
As of now, the stock price of Rigetti Computing, Inc. is approximately $15.25, reflecting a strong market interest and potential for growth as the quantum computing sector expands.
Rigetti Computing, Inc. provides a range of professional services, including algorithm development and quantum application programming, which can create additional revenue streams and enhance customer loyalty.

Rigetti Computing
Bear Case

Investors should be bearish about investing in Rigetti Computing, Inc. for these reasons:

The quantum computing industry is still in its infancy, and there are significant uncertainties regarding the commercialization of quantum technologies, which could impact Rigetti's growth trajectory.
With hedge funds and institutional investors owning 35.38% of the company's stock, there is a risk of volatility if these investors decide to sell their shares, potentially leading to a decline in stock price.
Competition in the quantum computing space is intensifying, with numerous companies vying for market share, which could pressure Rigetti's pricing and profit margins.
As a technology company, Rigetti Computing, Inc. may face challenges related to research and development costs, which could affect profitability if not managed effectively.
The reliance on cloud services means that any disruptions in service or security breaches could significantly harm the company's reputation and customer trust.

RGTI Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Rigetti Computing is $5.70, with a high forecast of $12.00 and a low forecast of $2.00.
: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rigetti Computing in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RGTI shares.
: According to analysts, Rigetti Computing's stock has a predicted downside of -56.72% based on their 12-month stock forecasts.
: Rigetti Computing has been rated by research analysts at B. Riley, Benchmark, Craig Hallum, and Needham & Company LLC in the past 90 days.
: Analysts like Rigetti Computing more than other "computer and technology" companies. The consensus rating for Rigetti Computing is Buy while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how RGTI compares to other companies.

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This page (NASDAQ:RGTI) was last updated on 2/1/2025 by MarketBeat.com Staff

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Rigetti Computing (RGTI) Stock Forecast & Price Target