B. Riley Securities Raises Rigetti Computing Price Target to $19.00, Maintains "Buy" Rating

Rigetti Computing's stock rating has been maintained as "Buy" by B. Riley Securities analyst Craig Ellis, with a raised price target of $19.00, up 26.67% from the previous target of $15.00. The average target price for Rigetti Computing is $15.83, with an upside of 2.98% from the current price of $15.38. The average brokerage recommendation is 2.0, indicating an "Outperform" status.

In a recent update, B. Riley Securities analyst Craig Ellis has maintained Rigetti Computing's stock rating at "Buy," while raising the price target to $19.00. This marks a significant increase of 26.67% from the previous target of $15.00. The move comes amidst a broader evaluation of the quantum computing sector ahead of the company's Q2 preview.

The average target price for Rigetti Computing, as per the latest analyst reports, stands at $15.83, indicating an upside of 2.98% from the current stock price of $15.38. Additionally, the average brokerage recommendation remains at 2.0, indicating an "Outperform" status.

Analysts at B. Riley Securities have cited Rigetti Computing's participation in various quantum computing initiatives, such as DARPA's quantum benchmarking program and the Innovate UK Quantum Miss Pilot Awards, as positive factors contributing to the raised price target. The company's recent strategic investment deal with Quanta Computer Inc, securing approximately $35 million, has also been highlighted as a positive development.

However, the company's financial performance in the first quarter of 2025, including a decrease in revenues and gross margins, as well as an increase in operating expenses and operating losses, has been noted. The delayed passage and appropriation of the NQI reauthorization bill could also impact potential sales and funding opportunities.

The stock's performance reflects a mixed sentiment among analysts, with some maintaining a bullish stance while others remain cautious. The company's strong financial metrics, such as net margin and return on equity, continue to be key factors influencing investor sentiment.

Investors are advised to stay informed about the latest analyst ratings and financial developments to make well-informed decisions.

References:
[1] https://www.benzinga.com/insights/analyst-ratings/25/07/46586156/what-analysts-are-saying-about-rigetti-computing-stock
[2] https://www.gurufocus.com/news/2997114/b-riley-boosts-price-target-for-rigetti-computing-rgti-to-19-rgti-stock-news