Rigetti Computing Stock Is Tumbling Friday What S Inkl

Bonisiwe Shabane

-Jan 2, 2026, 3:44 PM

rigetti computing stock is tumbling friday what s inkl

Shares of Rigetti Computing Inc (NASDAQ:RGTI) are trading lower Friday, extending a recent downturn as the broader quantum computing sector cools off from a massive rally. What Too Know: Headwinds for Rigetti intensified this week following reports that CEO Subodh Kulkarni sold his entire 1 million-share stake, a move that has raised significant investor concern about leadership’s conviction. The sale has raised questions about insider conviction in the company’s long-term prospects, creating skepticism that is overshadowing previous positive developments. The current weakness marks a sharp reversal for the company. The stock had surged over 5,000% in the past year, propelled by developments including a contract with the U.S. Air Force and a partnership with Nvidia.

However, the focus has now shifted from market hype to scrutiny over insider commitment and the challenging path to commercial viability. Read Also: Rigetti, Joby, QuantumScape — Meet The $0 Revenue Moonshots Rigetti Computing Inc (NASDAQ:RGTI) is trading lower Friday afternoon, marking a reversal after a surge earlier in the week driven by retail momentum and sector-wide optimism. The recent volatility comes amid a classic Santa Rally, where retail investors earlier this week rotated into high-beta quantum stocks while institutional trading desks thin out for the holidays. What To Know: Earlier gains this week were fueled by a wave of social media sentiment focused on Rigetti’s 2026 roadmap, which promises higher-qubit systems and significantly lower error rates. This retail interest was compounded by a halo effect from peers like IonQ and D-Wave, which also saw spikes following strategic milestones and bullish analyst coverage.

Notably, Wedbush recently initiated coverage on Rigetti with an Outperform rating and a $35 price target, citing the company’s advanced chiplets and vertically integrated production capabilities as key differentiators. Market observers note that this week’s price action fits the pattern of a “Holiday Gap,” where lower trading volumes between Dec. 20 and New Year’s allow retail sentiment to move small-cap stocks more aggressively. While retail investors likely drove the stock higher earlier in the week on the belief that the “quantum age” could arrive by 2026, Friday’s downturn suggests a pause in the momentum as the holiday... NEW YORK, Dec. 28, 2025, 1:30 a.m.

ET — Market closed (Weekend) Rigetti Computing, Inc. (NASDAQ: RGTI) stock heads into the final Monday session of 2025 after a sharp Friday pullback that reminded investors—again—that quantum-computing pure plays can move like rockets on the way up and trapdoors on the... RGTI last changed hands around $22.38 after Friday’s slide, down about 8.7% on the day, with trading roughly between $22.33 and $24.51 and volume near 28.3 million shares—well below the stock’s recent average volume,... MarketBeat With U.S.

markets closed for the weekend, there’s no fresh price discovery until Monday’s session, which means the next move will be shaped by a familiar cocktail: thin year-end liquidity, retail flows, and the latest analyst... Multiple market summaries converged on the same headline: RGTI’s Friday decline looked like a momentum reset, not a company-specific shock. Quantum computing exploded onto the investment scene in late 2024, igniting a frenzy that propelled pure-play stocks to astronomical heights. Rigetti Computing (RGTI) emerged as one of the biggest beneficiaries, with shares rocketing over 800% in a single month amid breakthrough announcements and surging optimism. Over the past three years, RGTI has delivered staggering gains of more than 3,200%, and at its peak, the stock was up over 8,200% from historic lows. Early investors have undeniably struck a rich motherlode, turning modest bets into life-changing wealth.

Yet for those new to the quantum sector, the ride has been brutal. On Friday, RGTI tumbled almost 9% to close 61% below its October high of $58, erasing much of the year's explosive gains. This pullback mirrors broader pain across quantum stocks like IonQ (IONQ) and D-Wave (QBTS), which have also plunged sharply after similar booms and busts. With the entire sector reeling, investors need to ask: Is the hype surrounding quantum computing finally over – and is RGTI still a buy? Quantum computing harnesses principles of quantum mechanics, using qubits that can exist in multiple states simultaneously (superposition) and become entangled. Unlike classical bits limited to 0 or 1, this enables quantum systems to explore vast solutions exponentially faster for certain problems.

The potential is transformative: faster drug discovery by simulating molecules, optimized financial models, unbreakable encryption breakthroughs, and efficient logistics routing. Quantum could reshape industries from pharmaceuticals to materials science, unlocking solutions classical computers can't touch in reasonable time. We recently published a list of 10 Firms Suffer Amid Optimistic Market Environment. In this article, we are going to take a look at where Rigetti Computing Inc. (NASDAQ:RGTI) stands against other firms that suffer amid optimistic market environment. Wall Street’s main indices recovered losses on Friday, as investors repositioned portfolios while digesting the ongoing trade tensions between the world’s two largest economies.

After a battering this week, the Nasdaq finished the day up 2.06 percent; the S&P 500 rose 1.81 percent; and the Dow Jones grew 1.56 percent. Ten companies, on the other hand, defied a wider market optimism, recording modest losses during the day. In this article, we have listed Friday’s worst performers and detailed the reasons behind their declines. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume. 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. Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement

Rigetti Computing Stock Is Tumbling Friday What S Inkl

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