Quantum Computing Darling Rigetti Tanks Double Digits After Analyst Pullback - Yahoo Finance

Quantum Computing Darling Rigetti Tanks Double Digits After Analyst Pullback Nauman khan November 4, 2025 1 min read RGTI +0.90% RGTIW +1.47% This article first appeared on GuruFocus. Rigetti Computing (NASDAQ:RGTI) shares slid about 10% on Monday after B. Riley cut its rating to Neutral and raised its price target to $42, citing concerns around the timing of U.S. government funding that could affect near-term sales. The analyst said delays in government funding authorizations pose a meaningful sales-risk despite recent contract wins and a year-to-date rally that has pushed expectations higher. Warning! GuruFocus has detected 6 Warning Signs with RGTI. Is RGTI fairly valued? Test your thesis with our free DCF calculator. B. Riley noted Rigetti's cash position and burn appear manageable, roughly $572 million in reserves versus an estimated $19 million quarterly cash burn, but warned that slower government approvals could stretch the sales cycle. Investors reacted swiftly to the research note, trimming exposure ahead of the company's scheduled third-quarter results on Nov. 10 and a follow-up call on Nov. 11.