Rigetti Computing’s stock price was downgraded by research analysts at Weiss Ratings on Saturday, after the company recently reported its quarterly earnings. The new rating is part of a trend of mixed reviews for the quantum computing firm. Other analysts have expressed optimism about the company’s potential, with some boosting their price targets to over $50.
Weiss Ratings is one of several firms that have weighed in on Rigetti Computing’s stock. B. Riley recently upgraded its target price from $19 to $35, while Alliance Global Partners and Industrial Alliance Securities set new targets at $18 and $15 respectively. Cantor Fitzgerald also assumed coverage on the company, giving it an “overweight” rating.
Despite these positive comments, Rigetti Computing’s stock has been volatile in recent weeks. The company recently reported a net loss of ($0.05) per share, beating analyst expectations but still indicating a significant challenge for the firm. Market analysts expect Rigetti Computing to post another loss for the current year.
In other news, insider sales have been seen by several directors at the company. Helene Gail Sandford sold 62,000 shares in October, worth $2.78 million, while Michael S. Clifton sold 75,000 shares worth $1.43 million. These sales come as institutional investors continue to buy into the firm, with 35.38% of its outstanding shares currently held by these entities.
Rigetti Computing’s stock price is currently at $38.84 and has a market capitalization of over $12 billion.
Source: https://www.marketbeat.com/instant-alerts/rigetti-computing-nasdaqrgti-receives-sell-e-rating-from-weiss-ratings-2025-10-25