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Rigetti Lowers Price Target Amid Q4 Progress
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On March 5, Jefferies analyst Kevin Garrigan lowered his price target on Rigetti Computing to $20 from $30 and maintained a Hold rating, implying roughly 18% upside. Rigetti reported Q4 revenue of $1.9 million versus $2.3 million consensus and held $589.8 million in cash and investments as of Dec. 31, 2025, while highlighting fidelity gains, scaling momentum and a March 108‑qubit deployment timeline.
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