Overview

• Benchmark’s David Williams lifted Rigetti’s price target to $50 from $20 and reiterated a Buy rating.
• Shares rose about 9% Thursday to close at $47.11, extending a recent rally in quantum and AI‑linked names.
• Rigetti said it secured $21 million in contracts for 2025, signaling growing commercial interest.
• The company reported $5.7 million in orders for its 9‑qubit Novera system from two customers, with deliveries targeted for the first half of 2026.
• Rigetti highlighted roughly $571 million in cash after a recent raise and continues to pursue a 1,000+ qubit, error‑corrected roadmap supported by partnerships including Nvidia.