<div id="readability-page-1"><p>Rigetti Computing, Inc. (NASDAQ:RGTI - Get Free Report)'s share price traded down 9.8% on Thursday . The company traded as low as $19.27 and last traded at $19.85. 33,750,646 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 33,247,102 shares. The stock had previously closed at $22.01.</p><div><p><span></span><span>Get <strong>Rigetti Computing</strong> alerts:</span></p></div><h2>Wall Street Analyst Weigh In</h2><ul><li>3 Key Ways D-Wave Is Developing an Advantage in Quantum Computing</li></ul><p>RGTI has been the subject of a number of recent analyst reports. Wedbush upped their price objective on Rigetti Computing from $35.00 to $40.00 and gave the company an &#34;outperform&#34; rating in a report on Wednesday, January 21st. Benchmark cut their price target on shares of Rigetti Computing from $50.00 to $40.00 and set a &#34;buy&#34; rating on the stock in a research report on Tuesday, November 11th. Wall Street Zen raised shares of Rigetti Computing from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research note on Saturday, November 15th. Jefferies Financial Group assumed coverage on shares of Rigetti Computing in a research note on Tuesday, December 16th. They issued a &#34;hold&#34; rating and a $30.00 target price for the company. Finally, B. Riley raised shares of Rigetti Computing from a &#34;neutral&#34; rating to a &#34;buy&#34; rating and set a $35.00 price target on the stock in a research report on Thursday, January 22nd. Eight analysts have rated the stock with a Buy rating, two have issued  a Hold rating and one  has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $32.60.</p><p><b>View Our Latest Stock Report on RGTI</b></p><h2>Rigetti Computing Stock Down 9.8%</h2><ul><li>Inside D-Wave’s Major Acquisition—What Changes for Investors</li></ul><p>The firm has a market capitalization of $6.55 billion, a P/E ratio of -15.27 and a beta of 1.70. The firm has a 50 day moving average of $24.71 and a 200-day moving average of $25.57. </p><p>Rigetti Computing (NASDAQ:RGTI - Get Free Report) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The business had revenue of $1.95 million during the quarter, compared to the consensus estimate of $2.17 million. Rigetti Computing had a negative net margin of 4,741.49% and a negative return on equity of 21.98%. The company's revenue was down 18.1% on a year-over-year basis.  As a group, research analysts expect that  Rigetti Computing, Inc. will post -0.34 EPS for the current year. </p><h2>Institutional Trading of Rigetti Computing</h2><ul><li>Find the Next NVIDIA With This Semiconductor ETF</li></ul><p>A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of  Rigetti Computing by 12.2% in the fourth quarter. Vanguard Group Inc. now owns 35,970,648 shares of the company's stock worth $796,750,000 after buying an additional 3,924,171 shares in the last quarter.  State Street Corp lifted its position in  Rigetti Computing by 12.0% during the second quarter. State Street Corp now owns 8,853,006 shares of the company's stock valued at $104,997,000 after purchasing an additional 946,850 shares during the last quarter.  Marex Group plc bought a new position in  Rigetti Computing in the second quarter valued at $87,414,000.  Geode Capital Management LLC raised its holdings in shares of  Rigetti Computing by 22.9% during the 2nd quarter. Geode Capital Management LLC now owns 6,484,155 shares of the company's stock valued at $76,910,000 after buying an additional 1,206,925 shares in the last quarter.  Finally, UBS Group AG lifted its holdings in shares of  Rigetti Computing by 90.9% in the 3rd quarter. UBS Group AG now owns 3,081,174 shares of the company's stock worth $91,788,000 after acquiring an additional 1,467,483 shares during the last quarter. 35.38% of the stock is owned by hedge funds and other institutional investors. </p><h2>About Rigetti Computing</h2> (Get Free Report)<p>Rigetti Computing is a pioneering quantum computing company that designs and manufactures superconducting quantum processors alongside a complementary software stack. Founded in 2013 by CEO Chad Rigetti, the company has developed end-to-end quantum systems—from cryogenic hardware to control electronics—to advance the performance and scalability of quantum machines.  </p><p>At the core of Rigetti's offering is its Quantum Cloud Services (QCS) platform, which enables developers and enterprises to access quantum processing units (QPUs) and hybrid quantum-classical workflows via the cloud.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Rigetti Computing</li><li>Do not delete, read immediately</li><li>NEW LAW: Congress Approves Setup For Digital Dollar?</li><li>“Fed Proof” Your Bank Account with THESE 4 Simple Steps</li><li>A U.S. “birthright” claim worth trillions - activated quietly</li><li>If You Keep Cash In A U.S. Bank Account… Read This NOW</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Rigetti Computing Right Now?</h2><p>Before you consider Rigetti Computing, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rigetti Computing wasn't on the list.</p><p>While Rigetti Computing currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Rigetti Computing's stock (NASDAQ:RGTI) fell 9.8% to $19.85, with 33.75 million shares traded. Analysts have mixed views: Wedbush raised its price target to $40, while Benchmark lowered it to $40. The company reported a quarterly EPS of -$0.03, beating estimates, but revenue fell 18.1% year-over-year. Institutional investors have increased their holdings, with Vanguard raising its position by 12.2%. Rigetti specializes in quantum computing and has a market cap of $6.55 billion.</p>

Rigetti Computing (NASDAQ:RGTI) Trading Down 9.8% - Here's Why