Bearish Sentiment Grows Around Rigetti Computing Options

Investors turn bearish on Rigetti Computing, with notable options activity indicating a stronger concern over price movements. The overall trader sentiment shows 60% bearish, signaling caution for potential investors.

Date: 14-03-2025

AI Rating: 5

Market Sentiment Analysis: The report highlights a bearish stance among significant investors regarding Rigetti Computing (RGTI), with options trading showing 60% bearish sentiment compared to 35% bullish. The unusual options activity indicates that investors are either anticipating downward price movement or hedging against potential declines.

Current Trading Position: Rigetti Computing's stock is currently trading at $10.43, reflecting a significant price rise of 19.14%. However, this increase may result in overbought conditions, which could lead to price corrections. The RSI indicators suggest that traders should be cautious before initiating any long positions.

Analyst Ratings: Analysts have expressed varied opinions, with ratings being downgraded by Benchmark to a 'Buy' with a target price of $14, while Needham also placed a 'Buy' rating with a target of $17. This inconsistency among analysts might further contribute to investor uncertainty surrounding the stock.

Price Expectations: The report indicates that significant investors are targeting a price range from $3.0 to $16.0 over the coming months. This wide price territory reflects substantial speculation and a lack of consensus on the company's future financial performance.

Earnings Announcement: With an earnings announcement expected in 55 days, investors might anticipate more concrete data that could influence stock trends either positively or negatively.

Overall, the bearish sentiment together with the upcoming earnings could lead to fluctuating stock prices in the near future.

Stocks: RGTI