Rigetti Computing Surges to 132nd in Trading Volume with $699 Million Turnover Despite Stock Price Dip

On June 10, 2025, Rigetti Computing (RGTI) experienced a significant trading day with a turnover of $699 million, marking a 41.04% increase from the previous day. This surge placed Rigetti at the 132nd position in terms of trading volume for the day. However, despite the high trading volume, the stock price closed down 0.71%.

Rigetti Computing's stock price has been volatile, with recent fluctuations attributed to various factors. The company's first-quarter earnings report revealed a sharp decline in revenues, leading to a 15% drop in share prices. This decline was primarily due to a lack of new R&D milestone payments and the uneven timing of payments from clients.

Analysts have mixed opinions on Rigetti's future prospects. Some view the current dip as a buying opportunity, citing the company's strong fundamentals and potential for growth in the quantum computing sector. Others remain cautious, pointing to the company's recent financial performance and the competitive landscape in the industry.

Despite the recent challenges, Rigetti Computing has shown resilience. The company closed at $11.32 on June 9, 2025, with a slight gain amidst neutral market conditions. This positioning suggests potential for future growth, although investors should remain vigilant given the stock's volatility.

Looking ahead, professional analysts have set a 12-month price target for Rigetti Computing stock ranging from $12 to $15, with an average target of $14. This forecast indicates a potential 24.56% increase in the stock price over the next year. The average analyst rating for Rigetti Computing stock is "Strong Buy," reflecting optimism about the company's future performance.