RGTI trades 42.1% below Wall Street's consensus target of $21.67.
Last 12 months price action with 12-month analyst target path
The base valuation assumes RGTI achieves its forward estimates and maintains a stable P/E multiple of historical averagesx. This scenario reflects the blended consensus of 7 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of October 3, 2026, Rigetti Computing, Inc. (RGTI) has a Wall Street consensus price target of $21.67, based on estimates from 7 covering analysts. With the stock currently trading at $15.25, this represents a potential upside of +42.1%. The company has a market capitalization of $5.07B.
Analyst price targets range from a low of $18.00 to a high of $27.00, representing a 42% spread in expectations. The median target of $20.00 differs from the mean, suggesting potential outlier estimates.
The current analyst consensus rating is Buy, with 6 analysts rating the stock as a Buy or Strong Buy,1 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, RGTI trades at a trailing P/E of -21.8x. Analysts expect EPS to grow +73.7% over the next year.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 IONQIonQ, Inc. | $16.3B | $43.77 | $62.75 | +43.4% | Buy | — | 6 |
 QBTSD-Wave Quantum Inc. | $5.8B | $15.77 | $34.38 | +118.0% | Buy | — | 13 |
 QUBTQuantum Computing, Inc. | $1.8B | $8.18 | $17.33 | +111.9% | Buy | — | 4 |
 ARQQArqit Quantum Inc. | $385M | $24.62 | $60.00 | +143.7% | Buy | — | 2 |
 IBMInternational Business Machines Corporation | $209.8B | $222.64 | $256.69 | +15.3% | Buy | 18.1x | 51 |
 GOOGLAlphabet Inc. | $4.2T | $343.50 | $431.57 | +25.6% | Buy | 16.7x | 83 |
 MSFTMicrosoft Corporation | $3.8T | $517.53 | $563.50 | +8.9% | Buy | 26.2x | 82 |
 AMZNAmazon.com, Inc. | $2.7T | $251.52 | $326.83 | +29.9% | Buy | 19.7x | 94 |
 NVDANVIDIA Corporation | $5.7T | $233.95 | $338.96 | +44.9% | Buy | 25.2x | 79 |
 AMATApplied Materials, Inc. | $428.8B | $540.04 | $662.87 | +22.7% | Buy | 42.2x | 55 |
Quick answers to the most common questions about buying RGTI stock.
The consensus Wall Street price target for RGTI is $21.67, representing 42.1% upside from the current price of $15.25. With 7 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
RGTI has a consensus rating of "Buy" based on 7 Wall Street analysts. The rating breakdown is predominantly bullish, with 6 Buy/Strong Buy ratings. The consensus 12-month price target of $21.67 implies 42.1% upside from current levels.
RGTI's current price is $15.25 with a consensus target of $21.67 (42.1% implied move). Analyst estimates suggest the stock is undervalued at current levels.
The most bullish Wall Street analyst has a price target of $27 for RGTI, while the most conservative target is $18. The consensus of $21.67 represents the median expectation. These targets typically reflect 12-month expectations.
RGTI is moderately covered, with 7 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 6 have Buy ratings, 1 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month RGTI stock forecast based on 7 Wall Street analysts shows a consensus price target of $21.67, with estimates ranging from $18 (bear case) to $27 (bull case). The median consensus rating is "Buy".
Wall Street analysts are very optimistic on RGTI, with a "Buy" consensus rating and $21.67 price target (42.1% upside). 6 of 7 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
RGTI analyst price targets range from $18 to $27, a 42% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $21.67 consensus represents the middle ground.
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