Rosenblatt Initiates Coverage of Rigetti Computing (RGTI) Stock

Rigetti Computing, Inc. (NASDAQ:RGTI) is one of the Best Quantum Computing Stocks to Buy for 2026. On January 15, Rosenblatt analyst John McPeake initiated coverage of the company’s stock with a “Buy” rating and a price objective of $40. Notably, the firm likes the company’s modular approach to qubit scaling and its internal fab approach. According to the analyst, Rigetti Computing, Inc. (NASDAQ:RGTI)’s work with leading quantum error correction partner Riverlane is promising in the medium- to long-term.

In a separate release on January 9, Rigetti Computing, Inc. (NASDAQ:RGTI) announced that it revised its roadmap and adjusted the general availability date for its 108-qubit quantum computing system, Cepheus™-1-108Q. This is now anticipated to reach general availability around the end of Q1 2026. The company has a clear understanding of what needs to be done to achieve 99.5% median two-qubit gate fidelity, and it is well on its way to achieving it.

Notably, building higher-qubit-count systems could help uncover new challenges.

Rigetti Computing, Inc. (NASDAQ:RGTI) is an integrated systems company that builds quantum computers and superconducting quantum processors that power them.

While we acknowledge the potential of RGTI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.