Rigetti Computing Sees High Options Activity Amid Stock Decline, Earnings Announcement Imminent

Rigetti Computing (RGTI) shares dropped 81 cents to $15.27, with high options activity and a put/call ratio of 1.38, indicating a preference for downside protection. Implied volatility fell to 101.43, and the put-call skew steepened. Analysts forecast an average target price of $15.17 with a high estimate of $18.00 and a low estimate of $14.00, suggesting a 0.14% upside from the current price. The average brokerage recommendation is 2.0, indicating "Outperform" status.

Rigetti Computing (RGTI) shares dropped by 81 cents to $15.27 on July 2, 2025, amidst high options activity and a put/call ratio of 1.38, indicating a preference for downside protection. The implied volatility fell to 101.43, placing it in the bottom quartile of the past year, suggesting an expected daily move of $0.98. The put-call skew steepened, signaling increased demand for downside protection [3].

Analysts have forecasted an average target price of $15.17 for RGTI, with a high estimate of $18.00 and a low estimate of $14.00, suggesting a 0.14% upside from the current price [1][2]. The average brokerage recommendation is 2.0, indicating an "Outperform" status [1][2].

Rigetti Computing has been selected to participate in DARPA's quantum benchmarking initiative and has received several awards for its advancements in quantum computing technology [1]. However, the company reported a decrease in revenue and gross margins in the first quarter of 2025, as well as an increase in operating expenses and losses [1]. The passage and appropriation of the NQI reauthorization bill, crucial for funding, has also been delayed, impacting potential sales and funding opportunities [1].

References:
[1] https://www.gurufocus.com/news/2997114/b-riley-boosts-price-target-for-rigetti-computing-rgti-to-19-rgti-stock-news
[2] https://www.nasdaq.com/articles/what-analysts-are-saying-about-rigetti-computing-stock
[3] https://www.tipranks.com/news/the-fly/mixed-options-sentiment-in-rigetti-computing-with-shares-down-5-04-thefly