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Needham Maintains Buy Rating on Rigetti Computing (RGTI) with $51 Target After Q3 Results
Needham Maintains Buy Rating on Rigetti Computing (RGTI) with $51 Target After Q3 Results
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Rigetti Computing (RGTI) continues to garner bullish sentiment from Needham analyst Quinn Bolton, who reaffirmed a Buy rating and a Street-high $51 price target following the company's Q3 2025 earnings. The quantum computing firm reported revenue of $1.9 million, narrowly surpassing Needham's estimate but slightly missing consensus. A reduced loss of $0.03 per share signaled improved cost management.
Bolton, ranked among TipRanks' top 50 analysts with a 59% success rate, emphasized Rigetti's clear technology roadmap through 2027, including plans for a 150+ qubit system. The update reinforces confidence in the company's long-term execution despite current margin pressures from contract mix.
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