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Rgti Stock Jumps As Wedbush Gives First Outperform Rating But Big

Bonisiwe Shabane
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rgti stock jumps as wedbush gives first outperform rating but big

RGTI stock just received Wedbush’s first Outperform rating in the quantum computing space, marking a major turning point for investor confidence. The breakthrough initiated on December 17, 2025, signals the moment when Wall Street recognized Rigetti Computing’s decade-long leadership could drive quantum computing into the commercial mainstream. Meanwhile, sophisticated money managers and hedge funds are quietly loading RGTI shares in anticipation of the next wave. Wedbush Securities’ decision to initiate coverage with an Outperform rating represents the first major Wall Street firm to take such a positive stance on a pure-play quantum computing stock. Analyst Antoine Legault set a $35 price target, suggesting significant upside from recent price levels. The timing matters because it acknowledges that quantum computing is moving beyond hype toward genuine commercial viability.

Wedbush highlighted Rigetti’s decade-long expertise in superconducting qubit technology, distinguishing the company from newer entrants. This isn’t just a speculative bet—it’s recognition that Rigetti has spent years perfecting the hardware foundation that competitors are still building. The Outperform rating suggests the investing community believes Rigetti’s technical advantages can translate into market share gains as quantum computing transitions from research laboratory to enterprise deployment. Big money managers have been quietly accumulating RGTI shares throughout 2025. Billionaire-led hedge funds including Israel Englander’s Millennium Management, Ken Griffin’s Citadel Advisors, and Steven Schonfeld’s Schonfeld Strategic Advisors all increased their positions during the third quarter. This insider buying pattern typically signals that sophisticated investors see asymmetric risk-reward opportunities ahead.

Institutional ownership jumped dramatically to 54.5% as of September 2025 from just 44.5% in June, a 10-percentage-point surge in just three months. Vanguard and BlackRock, the world’s largest asset managers, have also built stakes. When mega-cap institutional investors increase allocation to a stock this rapidly, it often signals they expect institutional demand to accelerate further down the road. Your email has been successfully added to our mailing list. Rigetti Computing Inc. (NASDAQ:RGTI) is one of the most active US stocks to buy according to analysts.

On December 17, Wedbush initiated coverage of Rigetti Computing with an Outperform rating and $35 price target. The firm views Rigetti as a prime beneficiary of the growing quantum sector, citing its decade of expertise and focus on superconducting qubits. This specific technology leads the field in versatility and use cases, backed by heavy funding from major global players and government entities, therefore positioning Rigetti at the center of the industry’s long-term expansion. On December 16, Jefferies initiated coverage of Rigetti Computing with a Hold rating and $30 price target. The company is positioned to capitalize on the initial momentum of the quantum computing cycle, but Jefferies believes that the stock’s potential is tempered by risks related to execution and revenue concentration. The company must demonstrate a period of on-time delivery to overcome the credibility issues caused by previous roadmap delays.

Rigetti’s heavy reliance on government contracts limits short-term financial visibility. Additionally, on December 11, Mizuho analyst Vijay Rakesh also initiated coverage of Rigetti Computing with an Outperform rating and $50 price target. Mizuho identified the company as the primary scalable peer to industry giants IBM and Google in the superconducting quantum computing space. The firm highlighted Rigetti’s robust liquidity and noted that the company has ~$450 million in cash, equivalents, and investments, providing a financial runway sufficient to sustain operations and scaling through 2030. Rigetti Computing Inc. (NASDAQ:RGTI), through its subsidiaries, builds quantum computers and superconducting quantum processors in the US, the UK, the rest of Europe, Asia, and internationally.

While we acknowledge the potential of RGTI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Please use a PC Browser to access Register-Tadawul Wedbush Initiates Coverage On Rigetti Computing with Outperform Rating, Announces Price Target of $35 5/F, 3.05 building, KAFD, Wadi Abrad, Al Aqiq Dist., Riyadh 13519, KSA Licensed Entity Sahm Capital Financial Company

Copyright ©2026 Sahm Capital Financial Company All Rights Reserved Wedbush Initiates Rigetti Computing (RGTI) with Outperform Rating Highlighting Decadelong Expertise in Superconducting Qubit Technology Rigetti Computing Inc. (NASDAQ:RGTI) is one of the most active US stocks to buy according to analysts. On December 17, Wedbush initiated coverage of Rigetti Computing with an Outperform rating and $35 price target. The firm views Rigetti as a prime beneficiary of the growing quantum sector, citing its decade of expertise and focus on superconducting qubits.

This specific technology leads the field in versatility and use cases, backed by heavy funding from major global players and government entities, therefore positioning Rigetti at the center of the industry’s long-term expansion. On December 16, Jefferies initiated coverage of Rigetti Computing with a Hold rating and $30 price target. The company is positioned to capitalize on the initial momentum of the quantum computing cycle, but Jefferies believes that the stock’s potential is tempered by risks related to execution and revenue concentration. The company must demonstrate a period of on-time delivery to overcome the credibility issues caused by previous roadmap delays. Rigetti’s heavy reliance on government contracts limits short-term financial visibility. Additionally, on December 11, Mizuho analyst Vijay Rakesh also initiated coverage of Rigetti Computing with an Outperform rating and $50 price target.

Mizuho identified the company as the primary scalable peer to industry giants IBM and Google in the superconducting quantum computing space. The firm highlighted Rigetti’s robust liquidity and noted that the company has ~$450 million in cash, equivalents, and investments, providing a financial runway sufficient to sustain operations and scaling through 2030. Rigetti Computing Inc. (NASDAQ:RGTI), through its subsidiaries, builds quantum computers and superconducting quantum processors in the US, the UK, the rest of Europe, Asia, and internationally.

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