Jefferies has initiated coverage on Rigetti Computing Inc (RGTI) with a Hold rating, marking the firm's first assessment of the company. This decision reflects their analysis of Rigetti's business dynamics and growth potential in the semiconductor industry.
Based in Berkeley, California, Rigetti Computing specializes in full-stack quantum computing services and operates quantum computers over the cloud. The company serves a diverse clientele, including global enterprises and government entities, through its Rigetti Quantum Cloud Services platform. With a market capitalization of $8.6 billion and a current stock price of $24.55, Rigetti continues to innovate in the quantum computing space, having developed a multi-chip quantum processor for scalable systems.
Looking ahead, Rigetti's upcoming earnings report is scheduled for August 10, 2026, with an estimated EPS of -$0.04 and revenue expectations of $4.9 million. The company's recent earnings performance shows a notable surprise in Q3 2025, where it reported an EPS of -$0.03 against an expectation of -$0.04, reflecting a 31.4% positive surprise.
The analyst consensus for Rigetti, as of December 1, 2025, stands at 2 Strong Buy, 9 Buy, 2 Hold, and no Sell ratings, indicating a general optimism among analysts. However, it's important to remember that analyst ratings can evolve as new information becomes available, and investors should consider a range of factors when making decisions.
This update provides insight into Rigetti's current standing in the market and highlights the importance of ongoing research and analysis in investment decisions.