Wedbush Starts Coverage on Rigetti (RGTI) with Outperform Rating

Wedbush Securities has initiated coverage of Rigetti Computing (RGTI) with an Outperform rating, highlighting the company’s decade-long focus on superconducting qubit technology as a key differentiator. The firm cited Rigetti’s engineering depth and accumulated know-how in superconducting qubits as core reasons for its constructive view, noting that sustained technical expertise can accelerate product maturation and commercialization in the nascent quantum computing industry.

According to the note, Wedbush expects Rigetti to benefit from continued improvements in qubit performance, system integration and software-hardware co-design. These advances, the analyst team argues, could translate into clearer commercial pathways — from cloud-accessible quantum processors for research institutions to partnerships with enterprise customers exploring quantum-enabled workflows. Wedbush’s initiation underscores the analyst house’s belief that Rigetti’s technology roadmap and execution could outpace market expectations over a multi-year horizon.

The initiation comes amid growing investor interest in quantum computing firms as they move from proof-of-concept demonstrations toward more practical, revenue-generating applications. Wedbush’s rating positions Rigetti alongside other industry players while emphasizing its distinctive focus on superconducting architectures and the institutional experience developed over the last decade.

Wedbush also pointed to potential near-term catalysts, including system upgrades, commercial pilot programs and software stack enhancements that could improve user adoption and drive incremental revenue. The firm recommends watching Rigetti’s technical milestones and customer engagements as key validation points for the thesis. Risks remain, notably intense competition from other hardware approaches, capital requirements for scaling, and the uncertain timing of broad commercial adoption.

For investors, the initiation is a signal that a respected research house sees favorable upside potential, but Wedbush’s outlook also implies a multi-year investment horizon where technical execution and market traction will be crucial. As quantum computing evolves, analysts will likely benchmark Rigetti’s progress against both technical milestones and early commercial deployments to reassess valuation and risk.