Rigetti (RGTI) Upgraded after Quantum Leap

Analyst sees further upside after 30% stock surge

Rigetti Computing (RGTI) is gaining Wall Street support following a major leap in quantum performance. Analyst Brian Kinstlinger has set an $18 price target, implying an 8.83% upside from the current level of $16.54, citing strong confidence in the company’s recent advancements.

• The upgrade follows Rigetti’s announcement of 99.5% median two-qubit gate fidelity on its 36-qubit system — a milestone that significantly reduces error rates and moves quantum computing closer to real-world applications.
• Shares jumped 30% on the news, with the stock now up 28.93% to $16.40, adding $3.68 in value.
• Rigetti’s modular superconducting chip architecture allows gate speeds over 1,000x faster than competing platforms, positioning it as a leader in next-gen quantum systems.

With a market cap of $4.8 billion and volume surging to 167.4 million shares, investor interest is clearly accelerating. The upgrade underscores growing optimism that Rigetti is no longer just a speculative play — but an emerging contender in a field long dominated by tech giants.