Why Is RIGETTI COMPUTING IN (RGTI) Stock Down Today?
By the Top Tier Newswire AI Desk · November 11, 2026 at 10:44 AM ET · reviewed against 46 wire stories
RIGETTI COMPUTING IN (RGTI) is down -6.21% in the latest session. Our newswire has captured 46 stories on RGTI across 15 sources in the last 36 hours, with AI sentiment reading bearish (avg 42/100).
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Rigetti Computing (RGTI) shares fell 6.21% to $11.40 following the release of third-quarter results that missed revenue estimates. The primary driver was a significant drop in sales, with the company reporting no hardware revenue for the period.
What Happened
Rigetti reported third-quarter revenue of $1.4 million, down 28% year over year and well below the estimated $3.52 million. The company also posted an adjusted loss that exceeded expectations. Analysts responded with a series of price target reductions. StoneX maintained a Buy rating but lowered its target to $20. Needham also kept a Buy rating while cutting its target to $15. Craig-Hallum reduced its target from $30 to $16, and Jefferies cut its target from $18 to $12. The company indicated that capital expenditures will remain elevated, with the CFO signaling that spending will not return to 2025 levels.
What The Data Shows
The stock opened at $12.22, a 0.6% gap up from the prior close of $12.15. It reached a session high of $13.18 at 9:25 AM ET before sliding to a low of $11.38 at 10:40 AM ET. Volume stood at 12.5 million shares, which is 0.7 times the three-month daily average. The stock has printed 16 fresh 52-week lows as of November 11, 2026. Its 52-week range is $9.19 to $34.71. Over the last 8 sessions, the stock had moved up 8.0% before this decline. Insider activity over the last 90 days includes five sales totaling $2.6 million, with no buys recorded. Recent sales were filed by CEO Subodh Kulkarni, CFO Jeffrey Bertelsen, and COO David Rivas. Unusual options activity included two notable prints with $782,000 in call premium and no put premium.
What To Watch
Coverage of the stock has increased, with 46 stories from 15 sources in the last 36 hours. Investors will monitor the company's progress toward its roadmap, which includes a 300+ qubit system expected by mid-2028.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
RGTI · Nov 11 session (5-min) · -9.30% vs prior close · updated 8:49 PM ETAI sentiment, last 36h · averaged over 46 stories · 42/100 bearish
The headlines behind the move
Story flow · 8 stories on the wire, last 36h · hover or tap a dot for the headline
2d agoSeeking AlphaBEARISH 42Earnings
Rigetti reports 'lumpy' Q3 results, but analysts focus on roadmap
Rigetti Q3 earnings miss estimates; StoneX and Needham retain Buy ratings and cut targets to $20 and $15, with a 300+ qubit system expected by mid-2028.
Rigetti reported a bigger than expected Q3 adjusted loss as revenue also missed. Quantum computing stocks have struggled in 2026.
2d agoStocktwits NewsBEARISH 34Earnings
RGTI Stock Sees Its Price-Target Cut By Up To 52% Despite Quantum Fidelity Gains — Company Sets Sights On 1,000-Qubit System
Rigetti’s third-quarter revenue fell 28% year over year to $1.4 million, missing FiscalAI's estimate of $3.52 million, as it recognized no hardware revenue during the quarter.
2d agoGuruFocusBEARISH 38Analyst
RGTI Maintains by StoneX -- Price Target Lowered to $20.00
2d agoThe FlyBEARISH 31Analyst
Rigetti Computing price target lowered to $16 from $30 at Craig-Hallum
2d agoTipRanksNEUTRAL 50Analyst
RGTI vs. QBTS: Which Quantum Stock Is a Better Buy After Q3 Results?
Quantum computing stocks Rigetti Computing ($RGTI) and D-Wave Quantum ($QBTS) reported their third-quarter 2026 results after the market closed on November 10. Howe...
2d agoThe FlyBEARISH 34Analyst
Rigetti Computing price target lowered to $12 from $18 at Jefferies
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