RGTI · NASDAQ · STOCK
Rigetti Computing (RGTI) Stock Analysis
$14.04
52W $12.53 – $58.15
59/100
$4.66B
-19.1
2.03
Is RGTI Bullish or Bearish?
Bullish.
Innellis AI committee rates Rigetti Computing, Inc. (RGTI) Buy with a composite score of 59/100
, based on 6 analysts with 67% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +15.54 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -4.46 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Growth Analyst sees a compelling case — revenue growing 68.5% yoy -- genuine top-line momentum. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Revenue growing 68.5% YoY -- genuine top-line momentum — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock — Risk
- News sentiment is positive (+0.40 across 31 articles, 14d) — News
Bear Case
- Price-to-book of 29.1x prices in significant intangible value — Value
- ROE of only -46.8% -- cheap may mean cheap for a reason — Value
- Price structure making lower highs and lower lows — Technical
- RSI at 20 is in oversold territory (could mean either capitulation or a bounce setup) — Technical
- MACD histogram negative -- bearish momentum — Technical
- Daily trend (downtrend) conflicts with the weekly trend (uptrend) -- fighting the larger trend — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
59/100
Agreement
67%
Analysts
6
Conviction
Contested
Sector Rank
Top 44%
of 287 Technology peers
Value Analyst
neutral
43
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
− Price-to-book of 29.1x prices in significant intangible value
Growth Analyst
bullish
85
/ 100 · Moderate confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 68.5% YoY -- genuine top-line momentum
Technical Analyst
bearish
31
/ 100 · High confidence
Price action is deteriorating -- trend and/or momentum are working against this name
− Price structure making lower highs and lower lows
Risk Analyst
bullish
62
/ 100 · Moderate confidence
Risk profile is manageable -- leverage, volatility, and event exposure all look contained
+ Low leverage (debt-to-equity 0.00) -- balance sheet can absorb a shock
− Bollinger bandwidth of 19.6% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
70
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.40 across 31 articles, 14d)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 59.8 to 59.5.
- New bearish signals: 2 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 3 signal(s) disappeared.
Analyst-level changes:
- News Analyst: +1 bullish signal(s).
- Risk Analyst: +1 bearish signal(s).
- Technical Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
20.2
Oversold
MACD Histogram
-0.177
Bearish Momentum
Trend Direction
Downtrend
Weekly: Uptrend
Market Structure
Mixed
Support
$13.13
Resistance
$15.28
Bollinger %B
0.01
Inside Bands
Price vs Moving Averages
EMA 9
$14.90
Below
EMA 21
$15.37
Below
EMA 50
$15.98
Below
EMA 200
$18.00
Below
Fundamental Analysis
Valuation
67
Growth
59
Profitability
0
Financial Health
100
Cash Flow
15
Valuation
P/E Ratio
-19.1×
P/B Ratio
8.70×
PEG Ratio
0.38
Dividend Yield
0.00%
52W High
$58.15
52W Low
$12.53
Quality & Growth
ROE
-3958.4%
ROA
-3243.6%
Gross Margin
-273.3%
Operating Margin
—
Revenue Growth YoY
—
Debt / Equity
0.01
AI Fundamental Assessment
P/E ratio of -19.1 (inexpensive relative to a 15-40x range); Price-to-book of 8.7x; PEG ratio of 0.4 (under 1.0 suggests growth is undervalued relative to price); Return on equity of -39.6%; Return on assets of -32.4%; Net margin of -1787.4%; Gross margin of -2.7%; Current ratio of 3.94 (healthy short-term liquidity); Debt-to-equity of 0.01; Free cash flow per share is negative (-0.26); Most recent quarter missed estimates by 1.0%; EPS growth accelerating (-33.3% -> -25.0% QoQ); Analyst estimates falling over recent quarters
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