Rigetti Computing Stock Falls Amid Broader Tech Selloff

by | Feb 12, 2026 | General

Rigetti Computing Inc (NASDAQ:RGTI) shares declined Thursday, as the quantum computing company got caught in a broader technology sector selloff, with the Nasdaq falling 1.68% and the S&P 500 dropping 1.05%.

Short Interest Climbs

Short interest in Rigetti Computing increased during the last reporting period, rising from 43.24 million shares to 45.46 million shares. This represents 13.84% of the company’s publicly available shares.

Based on the recent average volume of 33.84 million shares traded per day, it would take 1.34 days for holders of this short interest to close out their positions without sending the stock sharply higher.

Technical Analysis

The stock is trading 27.2% below its 20-day simple moving average (SMA) and 48.7% below its 100-day SMA, demonstrating a bearish trend in the short to medium term. Shares have increased 26.68% over the past 12 months and are currently positioned closer to their 52-week lows than highs, reflecting ongoing volatility.

The RSI is at 35.02, which is considered neutral territory, while the MACD is below its signal line, indicating bearish pressure on the stock. This combination suggests mixed momentum, as the stock is neither in oversold nor overbought territory.

  • Key Resistance: $17.00
  • Key Support: $14.50

Earnings & Analyst Outlook

Looking further out, the next major catalyst for the stock arrives with the March 4, 2026, earnings report.

  • EPS Estimate: Loss of 4 cents (Up from Loss of 8 cents YoY)
  • Revenue Estimate: $2.46 million (Up from $2.27 million YoY)

Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $25.91. Recent analyst moves include:

  • B. Riley Securities: Upgraded to Buy (Maintains Target to $35.00) (Jan. 22)
  • Wedbush: Outperform (Raises Target to $40.00) (Jan. 21)
  • Rosenblatt: Buy (Maintains Target to $40.00) (Jan. 21)

Price Action: Rigetti Computing shares were down 8.25% at $15.07 at the time of publication on Thursday, according to Benzinga Pro data.

Photo by PJ McDonnell via Shutterstock