Overview

• Shares were reported up 5.1% to $45.48 intraday on Thursday and later closed up 8.98% at $47.11.
• Benchmark’s David Williams reiterated a Buy rating and raised his price target to $50 from $20, pointing to sector momentum and Rigetti’s contracts.
• Rigetti reported $21 million in contracts for 2025 and roughly $571 million in cash following a recent capital raise.
• The company also highlighted $5.7 million in new orders for its 9‑qubit Novera systems from an Asia‑based client and a California startup, with deliveries targeted for the first half of 2026.
• Investors are watching partnerships such as Nvidia and Rigetti’s chiplet approach, while Benzinga Edge assigned the stock a Momentum score of 99.92.