Rigetti Computing, Inc. (NASDAQ:RGTI) saw a 9.44% drop in share prices due to a negative “sell” recommendation from Zacks Research. Revenues for the last quarter were $1.47 million, a decrease of 51.8% year-over-year, with an EPS of -$0.08, compared to -$0.14 the previous year.

Zacks Research highlighted that Rigetti Computing, Inc. (NASDAQ:RGTI) has not consistently met EPS estimates, but surpassed consensus revenue estimates multiple times in the past four quarters. The company is currently trading at a premium to its peers, with a 21.5% return over the past month.

Despite potential, Zacks Research suggests there are better AI stocks for higher returns with limited downside risk than RGTI. For those seeking a low-cost AI stock with potential benefits from Trump tariffs, consider other options. Disclosure: None. Original article published at Insider Monkey.

Read more at Yahoo Finance: Rigetti (RGTI) Computing Declines 9.4% as Analyst Says “Sell”