Rigetti Computing ( (RGTI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Rigetti Computing’s stock has taken a hit following a downgrade by B. Riley, who shifted their rating to Neutral. This decision was driven by concerns over delayed U.S. government funding authorizations, which pose a risk to the company’s sales. Despite a 190% rally year-to-date, fueled by high expectations for long-term success, the analyst suggests that the current stock price already factors in significant commercial achievements.
More about Rigetti Computing
YTD Price Performance: 121.35%
Average Trading Volume: 79,584,622
Technical Sentiment Signal: Buy
Current Market Cap: $14.35B
For further insights into RGTI stock on TipRanks’ Stock Analysis page.
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