Rigetti Computing: A Quantum Bet Under Pressure

The quantum computing sector faces a critical test as shares of Rigetti Computing experience significant downward momentum. Following a steep single-day decline exceeding 10% on Thursday, investors are grappling with a fundamental question: is this a necessary market correction for an overvalued technology play, or a unique entry point into a potentially transformative industry?

A notable shift in analyst outlook is adding to the selling pressure. Two prominent financial institutions have substantially lowered their price targets for Rigetti. Benchmark adjusted its valuation downward from $50 to $40 per share, while B. Riley Financial made an even deeper cut, reducing its target from $42 to $35. The rationale centers on concerns that the company’s Read more...