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Mar 5, 2026 12:01 PM

Rigetti Stock Sinks, But Analysts Keep Buy Ratings As Cepheus Shipment Nears

Shares of Rigetti Computing Inc (NASDAQ:RGTI) tanked in early trading on Thursday, after the company on Wednesday reported downbeat fourth-quarter earnings.

Here are the key analyst insights:

Needham analyst Quinn Bolton reaffirmed a Buy rating, while slashing the price target from $51 to $31.

Rosenblatt Securities analyst John McPeake maintained a Buy rating and price target of $40.

Check out other analyst stock ratings.

Needham: Although Rigetti Computing reported its revenue below expectations, Needham's fiscal 2026 revenue estimate has been revised from $18.5 million to $21.0 million, to reflect acceleration in system sales, ...