University of Kwazulu-Natal

Rigetti Computing Stock Downgraded To Neutral By B Riley On Valuation

Bonisiwe Shabane
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rigetti computing stock downgraded to neutral by b riley on valuation

Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement 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... 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...

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Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement 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... The cumulative effect of these downgrad...

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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...

Adding To The Bearish Sentiment, On November 11, Seeking Alpha

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 ...

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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 fro...