Rigetti Computing's stock surged 5.12% during pre-market trading on Tuesday, marking a significant upward move for the quantum computing company.

The sharp gain appears to be driven by positive analyst sentiment following the company's recent earnings report. Specifically, Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Rigetti Computing and maintained a price target of $27.00. This vote of confidence from a major financial institution likely provided the catalyst for the pre-market rally.

Other analysts have also been actively publishing research on Rigetti Computing this week, contributing to increased investor attention on the stock as the technology sector remains in focus.