Shares of Rigetti Computing Inc (NASDAQ:RGTI) tanked in early trading on Thursday, after the company on Wednesday reported downbeat fourth-quarter earnings.
Here are the key analyst insights:
- Needham analyst Quinn Bolton reaffirmed a Buy rating, while slashing the price target from $51 to $31.
- Rosenblatt Securities analyst John McPeake maintained a Buy rating and price target of $40.
Check out other analyst stock ratings.
Needham: Although Rigetti Computing reported its revenue below expectations, Needham’s fiscal 2026 revenue estimate has been revised from $18.5 million to $21.0 million, to reflect acceleration in system sales, …