Rigetti Computing shares have fallen about 73% since B. Riley Securities downgraded the quantum computing stock to Neutral from Buy on November 3, 2025. Over the same period, the SPDR S&P 500 ETF Trust gained 12.8%. The stock had risen from $19.21 to $56.34 in a month, then closed at $44.27 on October 31. B. Riley cited delays in US government funding and a valuation that already priced in long-term success. Rigetti then missed revenue forecasts twice, and DARPA initially did not select it for Stage B of its Quantum Benchmarking Initiative. Revenue later recovered, reaching $5.138 million in the second quarter of 2026, up 185.3%. The shares traded around $11.61 on November 2. Chief executive officer Subodh Kulkarni said Rigetti is "not quite close to quantum advantage.

Rigetti Computing (RGTI) set to post quarterly earnings on Tuesday. Rigetti Computing (NASDAQ:RGTI - Get Free Report) is expected to issue its Q3 2026 results after the market closes on Tuesday, November 10th. Analysts expect Rigetti Computing to post earnings of ($0.05) per share and revenue of $3.68 million for the quarter. Investors may visit the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Tuesday, November 10, 2026 at 5:00 PM ET. Rigetti Computing (NASDAQ:RGTI - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). Rigetti Computing had a negative net margin of 2,189.54% and a negative return on equity of 17.50%. The company had revenue of $5.14 million for the quarter, compared to analysts' expectations of $5.09 million. On average, analysts expect Rigetti Computing to post ($0.27) EPS for the current fiscal year and ($0.25) EPS for the next fiscal year. Rigetti Computing stock performance. Rigetti Computing stock traded up $0.33 during midday trading on Tuesday, hitting $11.00. 3,908,470 shares of the company's stock were exchanged, compared to its average volume of 28,186,270. The company has a market cap of $3.67 billion, a PE ratio of -12.21 and a beta of 2.16. The firm has a 50-day moving average of $14.40 and a two-hundred day moving average of $17.18. Rigetti Computing has a 12 month low of $10.60 and a 12 month high of $38.62. Analyst ratings changes. Discover more ETF investment guide Short interest analysis RGTI has been the subject of several research reports. Rosenblatt Securities reaffirmed a "buy" rating and issued a $40.00 price target on shares of Rigetti Computing in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Rigetti Computing from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, October 21st. B. Riley Financial cut their price objective on shares of Rigetti Computing from $35.00 to $25.00 and set a "buy" rating on the stock in a report on Monday. Wedbush started coverage on shares of Rigetti Computing in a research note on Monday, August 3rd. They issued an "outperform" rating and a $40.00 price objective for the company. Finally, Jefferies Financial Group restated a "hold" rating and set a $18.00 target price on shares of Rigetti Computing in a report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Rigetti Computing currently has an average rating of "Hold" and a consensus target price of $29.56. Insider buying and selling. In other Rigetti Computing news, CFO Jeffrey A. Bertelsen sold 25,000 shares of the business's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $15.00, for a total value of $375,000.00. Following the completion of the transaction, the chief financial officer directly owned 168,067 shares in the company, valued at approximately $2,521,005. The trade was a 12.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO David Rivas sold 9,038 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $16.79, for a total transaction of $151,748.02. Following the sale, the chief operating officer directly owned 316,907 shares of the company's stock, valued at approximately $5,320,868.53. The trade was a 2.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 163,689 shares of company stock valued at $2,570,890. Company insiders own 1.60% of the company's stock. Rigetti Computing news roundup. Here are the key news stories impacting Rigetti Computing this week: * FirstQFM said its foundation-model-based quantum reservoir-computing system, running on Rigetti's Cepheus-1-108Q processor, outperformed classical benchmarks in a financial-forecasting pilot. The result could support Rigetti's technology credibility, although it does not yet represent material revenue. * Rigetti's second-quarter revenue reportedly increased 185% year over year, albeit from a small base, while its chiplet architecture is designed to combine smaller processors into larger quantum systems. These developments may strengthen the long-term growth story. * B. Riley lowered its price target to $25 from $35 but maintained a "buy" rating, signaling that the analyst still sees substantial upside from current levels despite reducing its valuation assumptions. * Rigetti is receiving elevated investor attention on Zacks, while several articles compare it with IonQ and D-Wave as potential long-term quantum-computing investments. The coverage may increase visibility but does not constitute a new fundamental catalyst. * Bearish commentary highlights that Rigetti's systems still experience too many errors for complex commercial applications. Heavy research spending, minimal revenue and substantial losses are cited as reasons the stock could weaken further after its upcoming results. * Investor concerns over the future growth and profitability of speculative technology companies have pushed Rigetti and other quantum-related stocks toward 52-week lows. A separate retrospective also emphasized the risks of buying after an earlier quantum-stock rally. About Rigetti Computing. Rigetti Computing, Inc is a quantum computing company that develops full-stack quantum computing systems based on superconducting quantum processors. Its technology is designed to support research and commercial applications that may benefit from quantum computing, including optimization, simulation, machine learning and complex data analysis. The company develops quantum processing units, quantum computers and related control systems, software and cloud services. Its Rigetti Quantum Cloud Services platform provides access to Rigetti quantum systems through the cloud, while its hardware offerings are intended for use by enterprises, government organizations, academic institutions and other research customers. Founded in 2013 by Chad Rigetti, the company is headquartered in Berkeley, California, and operates its own quantum chip fabrication facility, known as Fab-1. Receive News & Ratings for Rigetti Computing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rigetti Computing and related companies with MarketBeat.com's FREE daily email newsletter.