Here's What Wall Street Expects From Rigetti Computing in 2026

Rigetti Computing (RGTI) stock has rallied 56% year-to-date, despite a 7% pullback over the past month amid concerns over riskier bets and stocks with elevated valuations. Heading into 2026, Wall Street is cautiously optimistic on Rigetti, which specializes in superconducting quantum computing. Bulls see attractive upside potential in RGTI stock amid growing interest in quantum computing.Claim 50% Off TipRanks Premium and Invest with Confidence Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential Rigetti Is Optimistic About the Road Ahead Rigetti Computing delivered mixed results for the third quarter of 2025. The company's revenue declined 18% year-over-year to $1.95 million and lagged the Street's expectations. However, the company's adjusted loss per share of $0.03 was narrower than the $0.07 loss per share reported in the prior-year quarter and better than the Street's estimate of $0.04 loss per share. Looking ahead, Rigetti CEO Subodh Kulkarni is positive about the company's new collaborations with the Centre for Development of Advanced Computing and Montana State University, which reflect the "increasing maturity" of the quantum computing ecosystem. He also highlighted the company's partnership with Nvidia (NVDA) to support the NVQLink, the chip giant's new open platform for AI supercomputer-quantum integration. The company assured investors that it is on track to deliver its 100+ qubit chiplet-based quantum system, with an anticipated 99.5% median two-qubit gate fidelity, by the end of this year. Moreover, RGTI expects to deploy a 150+ qubit system by or around the end of 2026 and a 1,000+ qubit system by or around the end of 2027, with a higher fidelity. Analysts' Opinions on RGTI Stock Last week, Wedbush analyst Antonie Legault initiated coverage of Rigetti Computing stock with a price target of $35. The analyst believes that RGTI is poised to gain from long-term growth in the quantum hardware market, backed by its rich experience in quantum computing research & development and dominance in superconducting qubit modality. Likewise, Mizuho analyst Vijay Rakesh initiated coverage of RGTI stock with a Buy rating and a price target of $50. The 5-star analyst highlighted the company's targets for 2026 and 2027, as well as its more than $450 million in cash, cash equivalents, and investments on hand, which he believes would be enough to support its operations through 2030. Rakesh views Rigetti as the "closest scalable" superconducting quantum computing peer to tech giants IBM (IBM) and Alphabet's (GOOGL) Google. Meanwhile, Jefferies analyst Kevin Garrigan initiated coverage of RGTI stock with a Hold rating and a price target of $30. Garrigan expects Rigetti to gain from early‑cycle quantum tailwinds. He expects industry catalysts to boost adoption. The analyst also highlighted the "promising scalability" of RGTI's chiplet‑based architecture. Garrigan noted RGTI's debt‑free balance sheet and about $600 million in liquidity to fund the company's growth initiatives. However, Garrigan believes that these positives are balanced by execution and revenue‑mix risks. The analyst cautioned that after previous roadmap delays, consistent delivery will be key to gaining confidence. Garrigan also noted that RGTI's significant reliance on government business impacts near‑term visibility. Is RGTI a Good Stock to Buy? Overall, Wall Street has a Moderate Buy consensus rating on Rigetti Computing stock based on seven Buys and three Holds. The average RGTI stock price target of $39.75 indicates 67.3% upside potential from current levels.