<p><strong>Rigetti Computing Inc. </strong>(NASDAQ:RGTI) is seeing a massive surge in its relative stock strength, with its Benzinga Edge momentum score jumping week-on-week from 25.7 to 73.28.</p>



<h2><strong>Surging Momentum And Revenue Beat</strong></h2>



<p>This technical breakout follows a strong first-quarter performance, in which the quantum computing pioneer reported revenue of $4.4 million, beating analyst consensus estimates of $3.97 million by 10.86%.</p>



<p>While the stock is down 7.40% year-to-date, it has rallied significantly in the short term, posting a 39.71% gain over the past month.</p>



<h2><strong>Understanding The Momentum Metric</strong></h2>



<p>According to <strong>Benzinga Edge Stock Rankings’</strong> descriptions, the momentum score measures a stock’s relative strength based on its price movement patterns and volatility over multiple timeframes, ranking it as a percentile against peers.</p>



<p>Rigetti‘s tripling momentum score underscores growing investor confidence in its commercial pipeline. </p>



<figure class="wp-block-image size-full"></figure>



<div>


<p>
<strong>
Read Also:

IBM Beats Earnings Expectations—So Why Is The Stock Still Sliding And Momentum Collapsing?
</strong>
</p>


</div>


<h2><strong>Technical Milestones Drive Growth</strong></h2>



<p>Rigetti's financial performance is closely tied to recent operational milestones. In the first quarter, the company brought its 108-qubit Cepheus-1-108Q system into general availability across major cloud platforms.</p>



<p>CEO Dr. <strong>Subodh Kulkarni</strong> called it an “important validation of our chiplet-based architecture in a production setting”.</p>



<h2><strong>Wall Street Maintains ‘Buy’ Ratings</strong></h2>



<p>The momentum is further supported by steadfast bullish sentiment from Wall Street. Rosenblatt reiterated its “Buy” rating and a $40.00 price target, highlighting the recent shipment of a 9-qubit Novera system to the University of Saskatchewan.</p>



<p>Analysts at <strong>Rosenblatt</strong> noted this could deliver an additional $900,000 in revenue upside for the quarter, potentially leading to multiple system sales throughout 2025.</p>



<figure class="wp-block-image size-full"><img width="445" height="582" src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/12040747/Rosenblatt-on-RGTI-CMS.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Rosenblatt on RGTI" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/12040747/Rosenblatt-on-RGTI-CMS.png"/></figure>



<p><strong>Needham </strong>also maintained its “Buy” rating, raising its FY26 revenue estimate to $21.0 million—driven by higher system sales—despite trimming its price target to $31.00.</p>



<figure class="wp-block-image size-full"></figure>



<h2><strong>RGTI Surges Over The Year</strong></h2>



<p>The stock is currently down 7.40% YTD and 34.68% over the last six months. Meanwhile, the Nasdaq Composite index was up 13.08% in the same period.</p>



<p>Over the year, RGTI has surged by 93.86%. With a 52-week range of $9.85 to $58.15, it closed Monday 8.29% higher at $20.51 apiece, and it was lower by 0.63% in premarket on Tuesday.</p>



<div>


<p>
<strong>
Read Also:

Coreweave Partner Core Scientific's Pivot Drives Stock's Momentum Surge Despite Q1 Miss
</strong>
</p>


</div>


<p><strong><em>Disclaimer:</em></strong><em> This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>



<p><em>Image via Shutterstock</em></p>

RGTI

SOXL

RGTX

SOXX

RGTU

<p>Rigetti Computing Inc. (NASDAQ:RGTI) has seen a significant increase in stock momentum, with its score rising from 25.7 to 73.28 following a Q1 revenue of $4.4 million, surpassing estimates of $3.97 million. Despite being down 7.40% year-to-date, the stock gained nearly 40% in the past month. Wall Street analysts maintain 'Buy' ratings, with Rosenblatt setting a price target of $40.00 and Needham raising FY26 revenue estimates to $21.0 million. Rigetti's stock has surged 93.86% over the year, closing at $20.51, though it remains lower by 0.63% in premarket trading.</p>

benzinga_article

Rigetti Computing

Direxion Semicon Bull 3X

Invesco Semiconductors ETF

VanEck Semiconductor ETF

Defiance Daily Target 2X Long RGTI ETF

iShares Semiconductor ETF

SPDR S&P Semicon

Tradr 2X Long RGTI Daily ETF

NASDAQ Composite Index

Coreweave

Core Scientific, Inc.

Rigetti Computing - CW27

Core Scientifc - CW29

Core Scientifc - CW27

Rigetti Stock's Momentum Triples As Q1 Revenue Beats Estimates And Monthly Returns Hit Nearly 40%