** Rigetti Computing RGTI.O shares up 3.8% at $24.57 on Thurs after B Riley upgrades quantum computing firm to 'buy' from 'neutral'

** B Riley says it's "incrementally more encouraged" with the near-term roadmap’s commercial trajectory following RGTI's announcement on Tues of $8.4 mln order from India's Centre for Development of Advanced Computing (C-DAC)

** Brokerage sticks with $35 PT, implying 48% upside to stock's last close

** For fiscal 2025, Wall Street expects RGTI to post Q4 rev of $2.3 mln and full-yr rev of $7.6 mln, according to LSEG data

** Consensus view for FY26 rev is $21.2 mln

** Now, 10 of 12 brokerages rate the stock "strong buy" or "buy", 1 "hold" and 1 "sell"; median PT of $40 - LSEG

** With the move on Thurs, shares up ~11% to begin 2026 and up roughly 75% over the past 12 months

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))