Rigetti Computing Inc. stocks have been trading up by 6.7 percent amid positive sentiment around groundbreaking quantum computing advancements.
Key Highlights and Developments
- Shares of Rigetti Computing rose approximately 6% following B. Riley’s upgrade to a Buy rating, which sets a $35 price target.
- A substantial $8.4M order for a 108-qubit quantum computer from C-DAC signifies growing market validation and strategic advancement.
- Analysts at both Rosenblatt and B. Riley revised their price targets to $40 and $35 respectively, indicating robust investor confidence.
- The White House’s upcoming executive order on quantum technology promises favorable outcomes for companies like Rigetti.
- Wedbush raised its price target to $40, maintaining a strong outperform rating, reflecting sustained optimism in Rigetti’s market position.
Technology industry expert:
Analyst sentiment – positive
Rigetti Computing (RGTI) is in a challenging financial position, with concerning fundamentals reflected in extremely negative profit margins, notably the EBIT margin at -4677.3 and the profit margin continuous at -4683.27. Despite a reported revenue of $10.79 million, the company’s operational expenses considerably outweigh income, resulting in a net income from continuing operations of -$200.968 million. Key metrics such as a high price-to-sales ratio of 1118.58 and return on equity LTM of -142.29 suggest overvaluation and inefficiency in capital usage. However, the company maintains robust liquidity with a current ratio of 39.2, indicating strong short-term financial health.
The technical analysis of RGTI shows a dominant downtrend in weekly price patterns, with a steady decrease from an open of 17.37 to a close of 16.0 over the assessed period. Volume analysis corroborates this downward trajectory, illustrating reduced investor enthusiasm. A potential actionable trading strategy involves looking for short-selling opportunities if the price breaks below the recent support level of 14.97, aligned with weakened technical signals and a potential resistance point at 17.49. Given the declining candlestick patterns and low momentum, cautious bearish strategies may yield returns.
Recent news involving a significant $8.4 million contract for a 108-qubit quantum computer signals positive market receptiveness and demand for Rigetti’s technology. Analyst confidence has surged, with multiple upgrades to Buy ratings and price targets set up to $40, supported by strategic partnerships and innovations in quantum error correction. Comparatively, Rigetti still lags the Technology and Hardware & Equipment sector benchmarks but is poised for growth, contingent on effective execution of new contracts and continued innovation. Price support is critical at $14.97, with an aspirational target potentially within the $35 to $40 range, contingent on maintaining momentum. Overall, recent catalysts prompt a cautiously positive outlook for Rigetti in the quantum computing landscape.
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Weekly Update Feb 09 – Feb 13, 2026: On Friday, February 13, 2026 Rigetti Computing Inc. stock [NASDAQ: RGTI] is trending up by 6.7%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.
Quick Financial Overview
Rigetti Computing’s recent financial results reflect a journey of investment into future growth rather than current profitability. The gross margin stands at a healthy 32.2%, but the company is grappling with a negative net income from continuing operations amounting to $200.97M. This is indicative of its aggressive R&D investment, underscored by research expenses reaching $15M. Such spending is crucial for sustaining innovation in the fiercely competitive quantum computing arena.
Revenue for the recent period was reported at $10.79M, suggesting a revenue per share of $0.03. This illustrates a concentrated effort towards scaling technologies, despite a high price-to-sales ratio of 1,118:1. However, with an almost non-existent total debt-to-equity ratio and substantial liquidity indicated by a current ratio of 39.2, Rigetti is well-poised to weather near-term cash needs. The positive reception of their 108-qubit order signals a significant milestone, validating the technology’s commercial viability and preparing the ground for future earnings momentum.
Conclusion
Rigetti Computing finds itself at an intersection of promising technological achievements and amplified trader interest. The infusion of strong market demand evidenced by significant purchase orders, coupled with analytical optimism, paints a favorable growth path for Rigetti in the quantum computing landscape. As Tim Bohen, lead trainer with StocksToTrade, says, “Preparation is half the trade. By the time the bell rings, my decisions are nearly made.” This highlights the importance of strategic preparation as Rigetti continues to navigate financial hurdles typical of high-growth tech ventures. Its strategic priorities and market accolades suggest a trajectory that energizes trader confidence and market potential alike.
This is stock news, not investment advice. StocksToTrade News delivers real-time stock market updates tailored to highlight the key catalysts driving short-term price movements. Our coverage is designed for active traders and investors who thrive in fast-moving markets, with a focus on volatile sectors like penny stocks, AI stocks, Robinhood stocks and other momentum plays. From earnings reports and FDA approvals to mergers, new contracts, and unusual trading volume, we break down the events that can spark significant price action.
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