The Week

Rigetti Computing (RGTI) rose 3.21% this week to close at $15.76, up from $15.27 the previous Friday (2026-09-11). The S&P 500 slipped 0.08% over the same period, leaving RGTI about 3.29 percentage points ahead. The stock swung 13.13% through the week, opening Monday at $14.55, dipping to $14.41 on Wednesday, then bouncing on Thursday and Friday to a high of $16.32 before settling at $15.76. The shape of the week was a recovery, with losses early giving way to a late-week surge.

Key Events

The quantum computing sector moved in step with industry news this week. AI safety concerns pressured tech names early in the week, and RGTI fell more than 3% in pre-market trading on Monday. On Tuesday, attention turned to the potential impact of the CHIPS funding deal on quantum firms, and the sector turned mixed. Wednesday brought renewed weakness as Treasury yields rose ahead of the Fed decision. The turning point came on Thursday, when the Fed’s rate hike was followed by a broad rally across quantum names, with RGTI up nearly 6% on the day. On Friday, the Trump administration announced a $215 million quantum competition that put IonQ, D-Wave and Rigetti in the spotlight, and quantum stocks opened higher before giving back some gains into the close. RGTI finished the week up 3.21%.

Analyst Ratings

Coverage on Rigetti is fairly concentrated, with 13 brokers rating the stock. Of these, 8 rate it buy, 1 rate it overweight, and 4 rate it hold; there are no underweight or sell ratings. The consensus recommendation is buy, with a consensus target of $28.8125, about 82.82% above Friday’s close of $15.76. The target range is wide, from $18 to $40, reflecting a meaningful gap in how analysts see the upside. Within the 78 semiconductor makers covered in the industry, the company ranks 29th.

The Week Ahead

The macro calendar is relatively light next week. The Richmond Fed manufacturing index lands on Tuesday (2026-09-22), carrying a prior of 4. Thursday (2026-09-24) brings initial jobless claims, the current account balance, and new home sales, with the latter showing a prior of 0.607 million and a forecast of 0.608 million. On the quantum side, the $215 million government competition launched on Friday is worth watching for follow-up funding announcements or partnerships. Rigetti has not scheduled earnings for the days immediately after this week.

In Short

RGTI recovered alongside the sector after early-week pressure and finished ahead of the S&P 500. On the analyst side, the picture tilts upward: 9 of 13 brokers rate it buy or overweight, and the consensus target sits more than 80% above the latest price, though the range between the lowest and highest targets is more than double the lower bound, so the dispersion remains wide. The stock is still unprofitable, with a negative P/E and a P/B of about 9.79, leaving it priced on net assets and sector expectations. In the latest session, large-lot flows were net positive, while small and medium orders showed net outflows. What comes next depends on how the government quantum competition progresses and whether the sector can hold its post-Fed momentum.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.