Rigetti Computing stock dropped 11% after disappointing Q4 earnings, but announced $100 million quantum computing collaboration

From Stocktwits: 2025-03-05 23:04:16

Rigetti Computing Inc. (RGTI) saw shares drop by 11% in after-hours trading following disappointing Q4 results, with a loss of $0.68 per share and revenue of $2.27 million missing expectations. Despite analyst optimism, Stocktwits sentiment was bearish at 44/100, with message volume doubling. Rigetti also announced a collaboration with Quanta Computer Inc., committing to invest $100 million each over five years for superconducting quantum computing. Stocktwits data shows five ‘Buy’ ratings and one ‘Outperform’, with an average price target of $14.60, a 78% upside from the previous close. Rigetti’s stock has surged over 922% in the past six months.



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