Rigetti Computing Nasdaq Rgti Shares Down 1 2 Here S Marketbeat

Bonisiwe Shabane

-Jan 2, 2026, 11:54 AM

rigetti computing nasdaq rgti shares down 1 2 here s marketbeat

Shares of Rigetti Computing, Inc. (NASDAQ:RGTI - Get Free Report) were down 1.2% during mid-day trading on Wednesday . The company traded as low as $21.93 and last traded at $22.15. Approximately 23,055,970 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 69,407,094 shares. The stock had previously closed at $22.41. RGTI has been the topic of a number of research analyst reports.

B. Riley cut their target price on Rigetti Computing from $42.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 12th. Jefferies Financial Group assumed coverage on Rigetti Computing in a research note on Tuesday, December 16th. They set a "hold" rating and a $30.00 target price on the stock. Wedbush initiated coverage on shares of Rigetti Computing in a report on Wednesday, December 17th. They issued an "outperform" rating and a $35.00 price target on the stock.

Alliance Global Partners restated a "buy" rating on shares of Rigetti Computing in a report on Tuesday, November 11th. Finally, Williams Trading set a $40.00 price objective on shares of Rigetti Computing in a research report on Tuesday, November 11th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $31.22. The firm has a 50-day simple moving average of $28.89 and a 200-day simple moving average of $23.88. The stock has a market cap of $7.31 billion, a PE ratio of -17.04 and a beta of 1.68.

Rigetti Computing (NASDAQ:RGTI - Get Free Report) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. Rigetti Computing had a negative return on equity of 21.98% and a negative net margin of 4,741.49%.The company had revenue of $1.95 million for the quarter, compared to analyst estimates of $2.17 million. Rigetti Computing's revenue was down 18.1% on a year-over-year basis. On average, research analysts expect that Rigetti Computing, Inc. will post -0.34 earnings per share for the current year.

In other news, Director Helene Gail Sandford sold 62,000 shares of the firm's stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $44.89, for a total value of $2,783,180.00. Following the completion of the transaction, the director directly owned 120,371 shares in the company, valued at approximately $5,403,454.19. This trade represents a 34.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally.

The company offers quantum processing units (QPUs) and quantum computing systems through the cloud in the form of quantum computing as a service (QCaaS) products. It also provides 9- ubit quantum processing unit under the Novera QPU trade name; 84-qubit Ankaa-3 system under the name Novera QPU; and sells access to its quantum computers through QCa... [Read more] In 2024, Rigetti Computing's revenue was $10.79 million, a decrease of -10.14% compared to the previous year's $12.01 million. Losses were -$200.99 million, 167.6% more than in 2023. According to 8 analysts, the average rating for RGTI stock is "Buy." The 12-month stock price target is $29.38, which is an increase of 32.64% from the latest price.

When it comes to investing themes over the past several years, stocks with exposure to artificial intelligence or building AI products have been widely followed. A market expert shares with Benzinga w... Charlie Garcia responds to readers about the opportunities and obstacles for investors in quantum computing. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC delivered to your inbox

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We are experiencing some temporary issues. The market data on this page is currently delayed. Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally. The company offers quantum processing units (QPUs) and quantum computing systems through the cloud in the form of quantum computing as a service (QCaaS) products. It also provides 9- ubit quantum processing unit under the Novera QPU trade name; 84-qubit Ankaa-3 system under the name Novera QPU; and sells access to its quantum computers through QCaaS. In addition, the company offers quantum cloud services that provides support for various range of programming capabilities, public or private clouds integration, and connectivity, as well as quantum operating system software that supports public...

Further, it offers professional services, such as algorithm development, benchmarking, quantum application programming, and software development. The company serves commercial enterprises, government organizations, and international government entities. Rigetti Computing, Inc. was founded in 2013 and is headquartered in Berkeley, California. Rigetti Computing (RGTI) is navigating a challenging quantum landscape as it competes with IonQ and other tech giants. While RGTI shows promise with strong liquidity and R&D ambitions, concerns about execution and short-term visibility linger, making investor sentiment mixed.

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Rigetti Computing, Inc. is a full-stack quantum computing company. The Company operates quantum computers over the cloud and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. The Company’s quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. It has developed a multi-chip quantum processor for scalable quantum computing systems. Through the Company’s Quantum Computing as a Service (QCaaS) platform, its machines can be integrated into any public, private or hybrid cloud.

It is also engaged in the sale of quantum processing units (QPUs) and custom computing components, and development contracts and other services. Its QPUs contain fabricated silicon-based chips featuring superconducting qubits. The Company designs and manufactures its chips in-house at Fab-1, an integrated quantum device manufacturing facility. Rigetti Computing Inc (NASDAQ:RGTI) and other quantum computing stocks are trading lower on Wednesday afternoon, caught in a broader market downturn. Here’s what investors need to know. What To Know: The sell-off is exacerbated by a Reuters report that the U.S.

is considering new curbs on exports of technology utilizing U.S. software to China. This move has cast a shadow over the tech sector, creating uncertainty and prompting investors to reduce their exposure to companies with potential international supply chain vulnerabilities. The decline comes despite a recent surge in optimism for the quantum computing industry. Just last week, the sector received a boost from news that JPMorgan Chase was considering significant investments in quantum computing as part of a national security initiative. The Trump administration has also shown support for the industry, signing the National Quantum Initiative Act to accelerate development.

Rigetti Computing Nasdaq Rgti Shares Down 1 2 Here S Marketbeat

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