Rosenblatt Rates Rigetti Computing (RGTI) buy, $40 Price Target

Rosenblatt reiterates its positive outlook on Rigetti Computing, maintaining a $40 price target, a 76.21% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:13 PM EDT · Updated Jun 17, 2026, 7:01 AM EDT

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Rosenblatt rated Rigetti Computing, Inc. ($RGTI) "buy" with a $40 price target on June 11, 2026.

Since the rating, $RGTI is up 3.5% after 1 week, down 25.6% after 1 month and down 42.8% to date (from the $20.63 close on Jun 11, 2026).

RGTI Rigetti Computing, Inc.

$11.80 -50.00% year to date

Daily close · Oct 16, 2026

Key Points

Rosenblatt maintains a Buy rating on Rigetti Computing, Inc. with a target price of $40.0, while the stock is currently priced at $22.70.
Rosenblatt's $40 price target implies 76.21% upside from Rigetti Computing, Inc.'s ($RGTI) current $22.70 share price.
The company's market cap stands at about $4.22 billion, with a revenue of $13.35 million for the latest reporting period.
Rigetti Computing is headquartered in Berkeley, CA, and is focused on developing quantum computing technologies.

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Positive Outlook on Rigetti Computing

Rosenblatt has reiterated its Buy rating for Rigetti Computing, Inc. (RGTI) with a target price of $40.0 on June 11, 2026. The stock is currently trading at $22.70, reflecting the analyst's confidence in the company's growth and potential in the technology sector.

Analysts Set New Price Targets

This reaffirmation comes from analyst John McPeake, who believes in the long-term prospects of Rigetti Computing. The target price suggests a significant upside from the current trading level, indicating that Rosenblatt views the stock favorably despite its recent price movements.

Stock Performance and Market Context

Rigetti's shares are currently priced at $22.70, situated well above its 52-week low of $11.11 but below its high of $48.25. This performance is noteworthy as it shows a recovery from lower price levels and reflects the market's interest in quantum computing technologies. With a market capitalization of approximately $4.22 billion, the company continues to attract attention within the tech industry.

12-month forecast

$RGTI price target

Rigetti Computing, Inc. daily closes and this analyst's $40 target. Not advice.

What Rigetti Computing, Inc. Does

Rigetti Computing develops and operates quantum computers. It offers quantum processing units and cloud-based quantum computing services. The firm serves a range of customers, including government entities and commercial enterprises, making it a key player in the emerging quantum computing market.

What to Watch at Rigetti Computing, Inc.

Investors will be looking ahead to Rigetti's next earnings report scheduled for November 10, 2026. This will provide further insights into the company's financial health and operational progress in the fast-evolving field of quantum technology. As always, it's important to note that the current ratings and target prices are based on past performance and market conditions when the ratings were issued.