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Rigetti Computing Faces Stock Decline Amid Analyst Downgrade

Bonisiwe Shabane
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rigetti computing faces stock decline amid analyst downgrade

Oakland, CA – November 12, 2025 – Rigetti Computing (NASDAQ:RGTI) experienced a significant downturn in its stock performance today, with shares declining notably following a series of analyst reassessments that have cast a shadow... The cumulative effect of these downgrades and revised price targets reflects growing concerns among financial experts regarding the company's financial health, ambitious valuation, and heavy reliance on government contracts in a rapidly evolving technological... This recent market reaction underscores the volatile nature of the quantum computing sector and the challenges companies like Rigetti face in translating groundbreaking research into sustainable commercial success. The immediate implications for Rigetti Computing are clear: a dent in investor confidence and increased scrutiny on its operational efficiency and funding strategies. The stock's recent struggles highlight a pivotal moment for the company as it navigates the demanding path from innovation to profitability, with analysts questioning whether its current market valuation accurately reflects its underlying fundamentals... The recent slide in Rigetti Computing's stock can be traced back to a series of critical analyst reports issued around early to mid-November 2025.

On November 3, B. Riley Securities, led by analyst Craig Ellis, initiated a significant shift by downgrading Rigetti from a "Buy" to a "Neutral" rating. While Ellis raised the price target to $42.00 from $35.00 at that time, the downgrade was predicated on the belief that the stock's triple-digit gains had already priced in a "significant percentage of long-term... funding authorizations due to a federal government shutdown were flagged as a substantial sales risk, particularly for Rigetti, which is more heavily reliant on government funding compared to its peers. Adding to the bearish sentiment, on November 11, Seeking Alpha analyst Uttam Dey issued a stark "Sell" rating for Rigetti. Dey's assessment was based on a litany of concerns, including the company's weak financials, characterized by declining revenue and widening losses, coupled with what was deemed an "extremely high valuation" – trading at over...

Disappointing third-quarter 2025 results, which showed an 18% decline in revenue and a collapse of gross margins to 20.8%, further fueled this pessimistic outlook. The analyst also highlighted that a recent $625 million funding announcement from the U.S. Department of Energy (DOE) fell significantly short of industry expectations, which had hovered around $2.5 billion, thereby dampening near-term optimism. The market continued to react on November 12, with Benchmark analyst David Williams maintaining a "Buy" rating but lowering the price target to $40.00 from $50.00. Williams cited a broader slowdown in momentum across the quantum technology landscape following Rigetti's third-quarter results and noted that recent volatility across emerging technology and AI sectors had dampened investor enthusiasm for quantum-related shares. Concurrently, B.

Riley Securities, in an update on November 12, reiterated its "Neutral" rating and further lowered its price target from $42.00 to $35.00, reflecting persistent caution. These combined actions have created a challenging environment for Rigetti, with its stock experiencing significant downward pressure, including a reported 15.8% hit in the week leading up to November 12, and a notable decline... Shares of Rigetti Computing, Inc. (NASDAQ:RGTI - Get Free Report) were down 9.9% on Wednesday after B. Riley lowered their price target on the stock from $42.00 to $35.00. B.

Riley currently has a neutral rating on the stock. Rigetti Computing traded as low as $28.05 and last traded at $28.30. Approximately 49,849,812 shares changed hands during trading, a decline of 33% from the average daily volume of 74,067,672 shares. The stock had previously closed at $31.40. RGTI has been the topic of a number of other reports. Williams Trading set a $40.00 target price on Rigetti Computing in a research report on Tuesday.

Weiss Ratings reissued a "sell (e+)" rating on shares of Rigetti Computing in a research note on Wednesday, October 8th. Needham & Company LLC upped their price objective on shares of Rigetti Computing from $15.00 to $18.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Benchmark dropped their target price on shares of Rigetti Computing from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Alliance Global Partners reiterated a "buy" rating on shares of Rigetti Computing in a report on Tuesday. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $25.43.

View Our Latest Research Report on Rigetti Computing In other news, CTO David Rivas sold 44,355 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $14.85, for a total value of $658,671.75. Following the transaction, the chief technology officer owned 730,568 shares of the company's stock, valued at $10,848,934.80. This represents a 5.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Also, Director Thomas J. Iannotti sold 100,000 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $19.50, for a total value of $1,950,000.00. Following the sale, the director directly owned 14,902 shares of the company's stock, valued at $290,589. The trade was a 87.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Insiders sold a total of 454,204 shares of company stock worth $10,300,876 over the last ninety days. A number of hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc grew its stake in shares of Rigetti Computing by 146.1% during the second quarter. IFP Advisors Inc now owns 2,190 shares of the company's stock worth $26,000 after purchasing an additional 1,300 shares in the last quarter. Quarry LP acquired a new stake in shares of Rigetti Computing during the first quarter worth about $31,000. Armstrong Advisory Group Inc.

grew its stake in Rigetti Computing by 225.4% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 2,974 shares of the company's stock worth $35,000 after buying an additional 2,060 shares during the last quarter. Clearstead Advisors LLC purchased a new stake in Rigetti Computing in the third quarter valued at approximately $35,000. Finally, Banque Transatlantique SA purchased a new stake in Rigetti Computing in the 1st quarter valued at $42,000. Hedge funds and other institutional investors own 35.38% of the company's stock.

Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement Johnson & Johnson shares are trading near record highs, yet major institutional investors are sending mixed signals... Rigetti Computing, Inc. (NASDAQ:RGTI - Get Free Report) shares were down 10.1% on Tuesday after B. Riley downgraded the stock from a buy rating to a neutral rating.

B. Riley now has a $42.00 price target on the stock, up from their previous price target of $35.00. Rigetti Computing traded as low as $34.65 and last traded at $35.18. Approximately 54,465,111 shares changed hands during trading, a decline of 27% from the average daily volume of 74,782,766 shares. The stock had previously closed at $39.12. Several other brokerages have also recently weighed in on RGTI.

Alliance Global Partners reissued a "buy" rating on shares of Rigetti Computing in a report on Wednesday, July 16th. Weiss Ratings reissued a "sell (e+)" rating on shares of Rigetti Computing in a report on Wednesday, October 8th. Williams Trading set a $50.00 price objective on Rigetti Computing in a report on Tuesday, October 7th. Needham & Company LLC upped their price target on Rigetti Computing from $15.00 to $18.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Finally, Industrial Alliance Securities set a $18.00 price target on Rigetti Computing in a research note on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock.

According to data from MarketBeat, Rigetti Computing presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.29. In related news, Director Thomas J. Iannotti sold 100,000 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $19.50, for a total value of $1,950,000.00. Following the completion of the transaction, the director directly owned 14,902 shares in the company, valued at approximately $290,589. The trade was a 87.03% decrease in their position.

The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO David Rivas sold 44,355 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $14.85, for a total value of $658,671.75. Following the completion of the transaction, the chief technology officer owned 730,568 shares of the company's stock, valued at $10,848,934.80. This represents a 5.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Insiders sold 454,204 shares of company stock worth $10,300,876 in the last three months. A number of large investors have recently bought and sold shares of RGTI. GAMMA Investing LLC boosted its position in Rigetti Computing by 1,813.0% during the 1st quarter. GAMMA Investing LLC now owns 3,233 shares of the company's stock worth $26,000 after acquiring an additional 3,064 shares during the last quarter. IFP Advisors Inc boosted its position in Rigetti Computing by 146.1% during the 2nd quarter. IFP Advisors Inc now owns 2,190 shares of the company's stock worth $26,000 after acquiring an additional 1,300 shares during the last quarter.

Quarry LP acquired a new position in Rigetti Computing during the 1st quarter worth approximately $31,000. Armstrong Advisory Group Inc. boosted its position in Rigetti Computing by 225.4% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 2,974 shares of the company's stock worth $35,000 after acquiring an additional 2,060 shares during the last quarter. Finally, Park Square Financial Group LLC acquired a new position in Rigetti Computing during the 1st quarter worth approximately $40,000.

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