RGTI

Rigetti Computing, Inc.

2026-01-16 08:41 PM

+4.17%

Rigetti gains as market digests Rosenblatt's bullish initiation with $40 target

Rosenblatt Securities initiated coverage on Rigetti with a Buy rating and $40 price target on January 15, citing confidence in its modular qubit scaling approach. Barron's reported the analyst recommends looking past criticism of quantum computing stocks, signaling growing Wall Street attention to the sector.

Analysis

The $40 target implies roughly 55% upside from current levels, providing a bullish anchor for investors. However, the muted volume (0.7x normal) suggests this is more of a continuation of yesterday's digestion rather than fresh institutional buying. RGTI has shown extreme volatility recently, swinging between +5% and -4% daily, making today's move consistent with its typical trading range rather than an outsized reaction.

Sources

Rosenblatt initiates Rigetti Computing stock with Buy rating, $40 target
Rigetti and Quantum Computing Stocks Are a Buy, Says Analyst. Look Past the Criticism of Both.

Date: 2026-01-16

Price: $25.80

Type: Stock Specific

Confidence: medium