Rigetti Stock jumped 19% to an all-time high after landing $5.7M in quantum system orders
Oct 3 - Rigetti Computing 
RGTI pushed to a record high after the company said it secured purchase orders for two Novera 9-qubit systems worth about $5.7 million, signaling its hardware is moving into commercial use. The systems should ship in the first half of 2026, and Rigetti says customers can upgrade the modular machines as needs grow.
Investors rewarded the news, RGTI jumped nearly 19% and hit intraday record levels amid heavy volume. The rally lifted other quantum names, too.
D-Wave 
QBTS, IonQ 
IONQ and Quantum Computing Inc. 
QUBT all posted gains as traders warmed to the sector's commercial momentum.
Rigetti has stacked a string of wins this year, from government contracts to partnerships and new processor milestones. The latest orders underscore growing buyer interest beyond labs.
That said, quantum hardware remains early in its revenue curve; investors should watch delivery execution and customer upgrades as the next proof points.
Is RGTI Stock a Buy?
Based on the one year price targets offered by 6 analysts, the average target price for Rigetti Computing Inc is $21.83 with a high estimate of $35.00 and a low estimate of $18.00. The average target implies a downside of -38.32% from the current price of $35.40.
Based on the consensus recommendation from 7 brokerage firms, Rigetti Computing Inc's RGTI average brokerage recommendation is currently 2.0, indicating a "Outperform" status.