Why Is Rigetti Computing Stock Sinking Monday?
1. RGTI shares fell 10.26% after a downgrade from B. Riley Securities. 2. Analyst raised price forecast to $42 despite downgrade from Buy to Neutral. 3. Recent government speculation boosted optimism, but has since weakened. 4. Rigetti secured $21 million in new contracts signaling progress. 5. Upcoming Q3 earnings expected to show loss of 4 cents per share.