Rigetti Computing (NASDAQ:RGTI) Sees Upgrade Amid Quantum Computing Boom

Font: Financial Modeling Prep  • Jan 22, 2026

• B. Riley upgraded Rigetti Computing (NASDAQ:RGTI) from Neutral to Buy, indicating growing investor confidence in the quantum computing sector.
• The stock price has experienced a decrease of 5.28%, showcasing the market's volatility.
• Rigetti's market capitalization of approximately $7.81 billion underscores its significant role in the burgeoning quantum computing industry.

Rigetti Computing (NASDAQ:RGTI) is a key player in the quantum computing industry. The company focuses on developing quantum integrated circuits and software to advance quantum computing technology. As a competitor to other quantum computing firms like IonQ, Rigetti is gaining attention in a market projected to generate up to $1 trillion in global economic value by 2035.

On January 22, 2026, B. Riley upgraded Rigetti's stock from Neutral to Buy, with the stock priced at $23.67. This upgrade reflects growing investor confidence in Rigetti's potential, driven by the promising outlook for quantum computing. The anticipation of future investments and early-stage partnerships are key factors boosting interest in Rigetti and similar stocks.

Despite the positive upgrade, RGTI's stock price has decreased by 5.28%, or $1.32, from its previous value. Today, the stock has fluctuated between $22.41 and $26.27. Over the past year, RGTI has experienced significant volatility, with a high of $58.15 and a low of $6.86, indicating the dynamic nature of the quantum computing market.

Rigetti's market capitalization stands at approximately $7.81 billion, highlighting its substantial presence in the industry. The company's trading volume today is 47.47 million shares, suggesting active investor interest. As the quantum computing sector continues to evolve, Rigetti remains a significant player to watch.