Rigetti Computing is trading 5.5% up at $16.93 after Wedbush issued an Outperform rating and an aggressive $40 price target, highlighting significant progress in the company's quantum technology and qubit fidelity.
- The move extends a sharp multi-day rally supported by broader market strength in semiconductor and AI-related stocks.
- Investors are repricing the company's growth prospects as multiple analysts reiterate bullish outlooks ahead of the August 6, 2026, earnings report.