Rigetti Computing (RGTI) stock is up over 17% on Thursday, with bank firms revising their price forecasts for…

Rigetti Computing (RGTI) stock is up over 17% on Thursday, with bank firms revising their price forecasts for the stock and maintaining buy ratings. Market analyst Richard Shannon from Craig-Hallum maintained a Buy rating on Rigetti, while forecasting a further 30% climb for the stock.

Shannon is an expert in tech stocks, which have been climbing in the past month as tariff concerns have eased. Another emerging sector besides AI in the tech industry is quantum computing. Rigetti is one of the more popular companies in this field, with the company’s shares up over 1000% in the past year. While 2025 has been a bit of a down year so far, momentum is picking back up. Thus, experts are still suggesting that now is the time to invest in RGTI.

Rigetti Computing reported significant financial improvements in Q1 2025, with a net income of $43 million and earnings per share turning positive. The company’s stock surged 43% last month, amid key collaborations and technological advancements. While the S&P 500 remained relatively flat, Rigetti’s developments may have propelled its stock beyond broader market trends, amplifying investor interest alongside a rising tech-focused Nasdaq.

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Furthermore, over the last year, Rigetti Computing exhibited a very large total return, demonstrating substantial growth in its stock value. This performance stands out, as Rigetti’s share price has surpassed both the S&P 500 and the US Semiconductor industry in terms of annual returns, indicating strong investor confidence and market differentiation. Compared to the S&P 500 and an industry return of 19.7%, Rigetti’s steady gains reflect positive market sentiment towards its recent achievements and potential future developments.

RGTI stock is trading in the middle of its 52-week range and above its 200-day simple moving average. Craig-Hallum forecasts Rigetti climbing to $15 next, a 30% climb from current prices. Analysts at CNN are also relatively bullish, seeing growth potential for the quantum computing stock. Six analysts surveyed by the platform all suggest buying RGTI now, projecting a climb even higher than Craig Hallum, $16 a share.