Rigetti Computing (NASDAQ: RGTI) Stock Price Down 4% Following Analyst Downgrade

Shares of Rigetti Computing, Inc. (NASDAQ:RGTI – Get Free Report) were down 4% during mid-day trading on Wednesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The company traded as low as $16.67 and last traded at $17.00. Approximately 19,153,316 shares were traded during trading, a decline of 41% from the average daily volume of 32,501,789 shares. The stock had previously closed at $17.71. A number of other analysts have also issued reports on RGTI. Wedbush assumed coverage on Rigetti Computing in a research note on Monday, August 3rd. They set an “outperform” rating and a $40.00 price objective on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $18.00 price target…