Financial Giants Bearish on Rigetti Computing Amid High Volume

Financial giants show bearish sentiments towards Rigetti Computing. With the current price at $13.89 and analyst targets lower than current levels, future stock performance remains uncertain due to trader sentiment and upcoming earnings.

Date: 05-02-2025

AI Rating: 5

Earnings Announcement and Analyst Ratings: Rigetti Computing is set to announce earnings in 36 days. Analysts from B. Riley Securities maintain a Buy rating on the stock, with an average target price of $8.5, which is notably lower than the current trading price of $13.89. This discrepancy might indicate a challenge in meeting expectations.

Options Sentiment: The options activity surrounding Rigetti Computing displays mixed sentiments, with 37% bullish traders and 43% bearish traders. The presence of more puts in comparison to calls suggests a cautious outlook among investors, which could negatively impact the stock price if continued.

Trading Volume and Price Movements: Current trading volume for RGTI is substantial at 63,976,167, reflecting heightened interest. However, RSI indicators suggest that the stock may be approaching overbought territory. If traders perceive the stock to be overvalued, it could lead to selling pressure.

Conclusion: Considering the bearish trades, analyst price targets, and mixed trader sentiments, the outlook for Rigetti Computing implies potential downward pressure on stock prices in the short to medium term. Investors should remain vigilant as upcoming earnings may provide further clarity.

Stocks: RGTI