Rigetti Computing (RGTI) Stock Continues To Rise: What's Happening?

Shares of quantum computing firm Rigetti Computing Inc (NASDAQ:RGTI) are trading higher on Thursday, fueled by a wave of positive developments that underscore growing investor confidence. Here’s what investors need to know.

What To Know: The rally follows a significant price target increase earlier this week from Benchmark analyst David Williams, who reiterated a Buy rating and raised his target to $50 from $20.

Williams cited accelerating momentum across the quantum sector and pointed to Rigetti’s solid foundation of government and private-sector contracts as indicators of its favorable market position. The optimism is being bolstered by recent company announcements, including securing $21 million in contracts for 2025, which showcases tangible progress on its 4-year technology roadmap.

Investors are also encouraged by Rigetti's strong financial position. The company boasts a $571 million war chest following a recent capital raise, providing a substantial cash runway to fund its ambitious goal of developing a 1,000+ qubit, error-corrected system. Key partnerships, including with Nvidia, and a scalable chiplet architecture are seen as critical advantages in the race to achieve quantum advantage.

Benzinga Edge Rankings: Highlighting the stock’s powerful price action, Benzinga Edge rankings assign RGTI an exceptional Momentum score of 99.92.

RGTI Price Action: Rigetti Computing shares were up 5.1% at $45.48 at the time of publication Thursday, according to Benzinga Pro.

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How To Buy RGTI Stock

By now you're likely curious about how to participate in the market for Rigetti Computing – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

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