11 Most Active US Stocks to Buy According to Analysts

7. Rigetti Computing Inc. (NASDAQ:RGTI)

Volume as of December 23: 19.850 million

Average Volume (3-Month): 76.229 million

Number of Hedge Fund Holders: 25

Average Upside Potential as of December 23: 56.56%

Rigetti Computing Inc. (NASDAQ:RGTI) is one of the most active US stocks to buy according to analysts. On December 17, Wedbush initiated coverage of Rigetti Computing with an Outperform rating and $35 price target. The firm views Rigetti as a prime beneficiary of the growing quantum sector, citing its decade of expertise and focus on superconducting qubits. This specific technology leads the field in versatility and use cases, backed by heavy funding from major global players and government entities, therefore positioning Rigetti at the center of the industry’s long-term expansion.

On December 16, Jefferies initiated coverage of Rigetti Computing with a Hold rating and $30 price target. The company is positioned to capitalize on the initial momentum of the quantum computing cycle, but Jefferies believes that the stock’s potential is tempered by risks related to execution and revenue concentration. The company must demonstrate a period of on-time delivery to overcome the credibility issues caused by previous roadmap delays. Rigetti’s heavy reliance on government contracts limits short-term financial visibility.

Additionally, on December 11, Mizuho analyst Vijay Rakesh also initiated coverage of Rigetti Computing with an Outperform rating and $50 price target. Mizuho identified the company as the primary scalable peer to industry giants IBM and Google in the superconducting quantum computing space. The firm highlighted Rigetti’s robust liquidity and noted that the company has ~$450 million in cash, equivalents, and investments, providing a financial runway sufficient to sustain operations and scaling through 2030.

Rigetti Computing Inc. (NASDAQ:RGTI), through its subsidiaries, builds quantum computers and superconducting quantum processors in the US, the UK, the rest of Europe, Asia, and internationally.