Quantum stock Rigetti falls 75% after analyst downgrade citing funding risks and stretched valuation.

Rigetti Computing's stock dropped about 75% over a year following a downgrade by B. Riley Securities, which cited risks from delayed U.S. government funding and an overvalued price after a 190% rally. Despite some revenue growth and a new government funding agreement, the stock continued to decline, reflecting concerns about the company's long-term commercial success and high valuation. Analysts remain mixed, with some optimistic targets but overall caution due to ongoing losses and funding uncertainties. Investors who heeded the downgrade preserved gains, while the stock trades near its yearly low with significant volatility ahead.

Rigetti Computing's stock price on Pluang is currently USD 10.73, close to its 52-week low of USD 10.67 as of Nov 03, 2026 20:12 WIB. The stock has a market cap of $3.56 billion and shows a slight positive movement with a 1-day change of +0.56%. Investor activity on Pluang is fairly balanced with 55% buying and 45% selling, reflecting cautious interest in the stock.