Rigetti Computing (RGTI) is in the spotlight as it prepares to report Q2 earnings on August 12. Its efforts to scale systems to higher qubit counts, improve error correction, and participate in DARPA’s Quantum Benchmarking initiative help boost confidence. RGTI stock is up 34% over the past three months. Despite the share price gain, technical indicators suggest that Rigetti stock is a Buy, which implies further upside from current levels.
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Currently, Wall Street analysts expect Rigetti to report a narrower loss per share of $0.05 in Q2 2025, compared to a loss of $0.07 in the prior-year quarter. However, the company’s revenue for Q2 2025 is expected to decline by about 39% year-over-year to $1.87 million.
Analyzing RGTI Stock’s Technical Indicators
According to TipRanks’ easy-to-understand technical analysis tool, Rigetti stock is currently on an upward trend. The Moving Average Convergence Divergence (MACD) indicator, which helps understand momentum and potential price changes, signals a Buy.
Further, the stock’s 50-day Exponential Moving Average (EMA) is 13.70, while its price is $16.01, implying a bullish signal. Also, its shorter-duration EMA (20 days) signals an uptrend.
Another technical indicator, Williams %R, helps traders see if a stock is overbought or oversold. For RGTI stock, Williams %R currently shows a Buy signal, suggesting the stock is not overbought and has room to run.
Is RGTI Stock a Good Buy?
Turning to Wall Street, Rigetti stock has a Strong Buy consensus rating based on seven Buys and one Hold assigned in the last three months. At $16.75, the average RGTI stock price target implies a 4.72% upside potential.
