RGTI

Rigetti Computing, Inc.

2026-01-16 06:37 PM

+5.83%

Rigetti gains as market continues to digest Rosenblatt's bullish initiation

Rosenblatt Securities initiated coverage of Rigetti Computing with a Buy rating on January 15, recommending investors look past recent criticism of quantum computing stocks, according to Barron's. The analyst highlighted growing Wall Street attention to the quantum computing sector.

Analysis

Today's gain appears to be continued reaction to the Rosenblatt initiation, following a volatile pattern where RGTI dropped 4% yesterday despite the bullish call. This whipsaw behavior—surging 5.1% on the initiation, falling 4% the next day, then rebounding nearly 6% today—reflects the high volatility typical of speculative quantum computing stocks. The stock is significantly outperforming the flat broader market, suggesting stock-specific rather than sector-wide drivers.

Sources

Rigetti and Quantum Computing Stocks Are a Buy, Says Analyst. Look Past the Criticism of Both.

Date: 2026-01-16

Price: $26.11

Type: Stock Specific

Confidence: medium