Rigetti Computing stock rose 2.4% today. Recent news includes the company receiving an $8.4 million purchase order from India's Centre for Development of Advanced Computing for a 108-qubit quantum computer, announced on January 20, 2026. The company also announced it will report fourth quarter and full-year 2025 financial results on March 4, 2026. In January 2026, Rigetti revised its roadmap and adjusted the general availability date for its 108-qubit quantum system. Several analysts have issued ratings on the stock, including upgrades from B. Riley Financial to buy with a $35 price target and Rosenblatt Securities maintaining a buy rating with a $40 price target. The stock currently trades at $15.92 with a market cap of $5.25 billion.
Read full analysisRigetti Computing stock rose 2.4% today. Recent news includes the company receiving an $8.4 million purchase order from India's Centre for Development of Advanced Computing for a 108-qubit quantum computer, announced on January 20, 2026. The company also announced it will report fourth quarter and full-year 2025 financial results on March 4, 2026. In January 2026, Rigetti revised its roadmap and adjusted the general availability date for its 108-qubit quantum system. Several analysts have issued ratings on the stock, including upgrades from B. Riley Financial to buy with a $35 price target and Rosenblatt Securities maintaining a buy rating with a $40 price target. The stock currently trades at $15.92 with a market cap of $5.25 billion.
Rigetti Computing designs and builds superconducting quantum processors and offers cloud-based quantum computing services via a hybrid quantum-classical platform. The company carries a roughly $5.3 billion market cap against just $7.5 million in revenue, making it highly sensitive to narrative shifts and sentiment across the quantum computing sub-sector. With Q4 earnings due March 4 and analyst consensus at a $32.60 price target—roughly double the current price—the stock remains a high-volatility name where positioning and sentiment dominate trading.