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Rigetti Computing (NASDAQ:RGTI) Sees Upgrade Amid Quantum Computing Boom
Financial Modeling Prep· 2026-01-22 15:06
Core Insights - Rigetti Computing is a significant player in the quantum computing industry, focusing on the development of quantum integrated circuits and software, with the market projected to generate up to $1 trillion in global economic value by 2035 [1] Stock Performance - On January 22, 2026, B. Riley upgraded Rigetti's stock from Neutral to Buy, with the stock priced at $23.67, reflecting growing investor confidence in the company's potential [2] - Despite the upgrade, Rigetti's stock price has decreased by 5.28%, or $1.32, from its previous value, indicating market volatility [3] - The stock has fluctuated between $22.41 and $26.27 today, with a significant yearly volatility range of a high of $58.15 and a low of $6.86 [3] Market Capitalization and Trading Activity - Rigetti's market capitalization is approximately $7.81 billion, highlighting its substantial presence in the quantum computing industry [4][5] - The trading volume today is 47.47 million shares, suggesting active investor interest in the stock [4]