Movement Alert｜Rigetti Computing Falls 8.21% in Regular Trading, Price-Target Cuts and Earnings Watch Pressure Sentiment

Market Focus11-05

On November 5, Rigetti Computing fell 8.21% in Regular Trading, trading at $9.995/share, with turnover of $37.20 million.

The most immediate backdrop was a fresh movement alert indicating that sentiment was pressured by the company’s upcoming November 10 earnings release and recent analyst price-target reductions, even as both firms maintained positive ratings.

Recent reports show Wedbush lowered its target price to $25 from $37 while keeping an Outperform rating, and B. Riley cut its target to $25 from $35 while maintaining a Buy rating. Separately, market expectations for the coming quarter point to revenue of about $3.68 million, up 69.40% year over year, with adjusted EPS expected at a loss of $0.05. The combination of lower target prices and near-term earnings uncertainty appears to have weighed on the shares.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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