RGTI

Rigetti Computing, Inc.

2026-01-16 03:02 PM

+1.70%

Rigetti gains modestly as market digests recent Rosenblatt initiation

Rigetti rose modestly following a Rosenblatt Securities analyst initiating coverage with a Buy rating, as reported by Barron's. The analyst recommended looking past recent criticism of quantum computing stocks, suggesting the sector is gaining Wall Street attention.

Analysis

This appears to be continued digestion of the Rosenblatt initiation from January 15th, which initially drove a 5.1% surge before a 4% pullback. RGTI has shown extreme volatility recently, swinging 3-5% daily, making today's 1.7% gain relatively muted by comparison. The stock continues to trade on sentiment around quantum computing's commercial viability rather than fundamental catalysts.

Sources

Rigetti and Quantum Computing Stocks Are a Buy, Says Analyst. Look Past the Criticism of Both.

Date: 2026-01-16

Price: $25.07

Type: Stock Specific

Confidence: low