--- title: "Rigetti Stock's Momentum Triples As Q1 Revenue Beats Estimates And Monthly Returns Hit Nearly 40%" type: "News" locale: "en" url: "https://longbridge.com/en/news/286099674.md" description: "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." datetime: "2026-05-12T12:22:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286099674.md) - [en](https://longbridge.com/en/news/286099674.md) - [zh-HK](https://longbridge.com/zh-HK/news/286099674.md) --- # Rigetti Stock's Momentum Triples As Q1 Revenue Beats Estimates And Monthly Returns Hit Nearly 40% **Rigetti Computing Inc.** (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. ## **Surging Momentum And Revenue Beat** 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%. 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. ## **Understanding The Momentum Metric** According to **Benzinga Edge Stock Rankings’** 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. Rigetti‘s tripling momentum score underscores growing investor confidence in its commercial pipeline. **Read Also: IBM Beats Earnings Expectations—So Why Is The Stock Still Sliding And Momentum Collapsing?** ## **Technical Milestones Drive Growth** 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. CEO Dr. **Subodh Kulkarni** called it an “important validation of our chiplet-based architecture in a production setting”. ## **Wall Street Maintains ‘Buy’ Ratings** 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. Analysts at **Rosenblatt** noted this could deliver an additional $900,000 in revenue upside for the quarter, potentially leading to multiple system sales throughout 2025. ![Rosenblatt on RGTI](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) **Needham** 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. ## **RGTI Surges Over The Year** 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. 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. **Read Also: Coreweave Partner Core Scientific's Pivot Drives Stock's Momentum Surge Despite Q1 Miss** **_Disclaimer:_** _This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors._ _Image via Shutterstock_ ### Related Stocks - [RGTI.US](https://longbridge.com/en/quote/RGTI.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [RGTX.US](https://longbridge.com/en/quote/RGTX.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [RGTU.US](https://longbridge.com/en/quote/RGTU.US.md) - [IBM.US](https://longbridge.com/en/quote/IBM.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [CRWV.US](https://longbridge.com/en/quote/CRWV.US.md) - [CORZ.US](https://longbridge.com/en/quote/CORZ.US.md) - [RGTIW.US](https://longbridge.com/en/quote/RGTIW.US.md) - [CORZZ.US](https://longbridge.com/en/quote/CORZZ.US.md) - [CORZW.US](https://longbridge.com/en/quote/CORZW.US.md) ## Related News & Research - [What's Going On With Rigetti Computing On Tuesday?](https://longbridge.com/en/news/286119324.md) - [Rigetti revenue surges as 108-qubit system debuts](https://longbridge.com/en/news/286106237.md) - [Rigetti Computing revenue triples. Why the quantum stock is falling.](https://longbridge.com/en/news/286003094.md) - [A Quantum Shift: Why Speculative Money Is Ditching AI](https://longbridge.com/en/news/286290225.md) - [Rigetti Computing beats Q1 revenue expectations on higher sales](https://longbridge.com/en/news/285991046.md)