Here’s Rigetti’s Buy the Dip Price Target[Stocks](https://moneymorning.com/category/article/stocks/) # Here’s Rigetti’s Buy the Dip Price Target  by Chris Johnson  October 16, 2025  Share it: ## Is the Run Over for Rigetti Computing (RGTI)? After surging more than 200% in just over a month, shares of Rigetti Computing ( [RGTI](https://moneymorning.com/stocks/rgti)) are finally cooling off - and that’s not a bad thing. As of Thursday morning, the stock is down another 5% and has now slipped more than 10% from recent highs. The sharp pullback marks the first meaningful correction since the stock exploded off its September lows, and it's happening right as the stock tests a critical round-numbered price level: $40. ## Timely Bubble Talk Triggers Selling The decline was triggered, in part, by a Barron’s article warning that “Quantum Stocks Look Like They’re Forming a Market Bubble.” The timing of the headline aligned almost perfectly with the peak in [RGTI](https://moneymorning.com/stocks/rgti)’s price, underscoring how sentiment shifts can act as a catalyst for short-term tops - especially in speculative growth sectors. Technically, Rigetti was overbought heading into October. The stock’s Relative Strength Index (RSI) pushed well above 70, a classic signal that prices have stretched too far, too fast. That’s typically followed by a period of consolidation or outright correction - exactly what we’re seeing now. ## Options Traders Signaling a Short-term Trading Range On top of stretched technicals, Rigetti’s options market was flashing red flags. In the first week of October, there was a surge in call buying at the $50 strike, a clear sign that short-term sentiment had gotten frothy. This kind of speculative activity tends to mark local tops, as too many traders begin leaning bullish at the same time. At the same time, interest in the October $40 puts has been rising, suggesting growing hedging activity, or outright bets that [RGTI](https://moneymorning.com/stocks/rgti) will fall further in the short run. Together, the $40–$50 range is shaping up to be a battleground zone and a likely short-term trading range.  ## Rigetti’s Technicals Support a Buy the Dip Opportunity From a technical perspective, $40 is key support, coinciding with the 20-day moving average, what I refer to as the “Trader’s Trendline.” As long as [RGTI](https://moneymorning.com/stocks/rgti) holds above this level, the short-term uptrend remains intact. Even deeper support comes into play at the rising 50-day moving average, currently near $22.80.  ## Bottom Line: Rigetti’s recent move was parabolic, and the current correction is both healthy and expected. Traders should watch the $40 level closely. A dip toward that zone - especially if paired with slowing volume - could offer a high-conviction buy-the-dip setup in one of quantum computing’s most promising pure-play names. **Beat the market, without relying on brokers or biased institutions.** Email(Required) Phone This field is for validation purposes and should be left unchanged. Subscribe By submitting your email address, you will receive a free subscription to _Money Morning!_ and occasional special offers from us and our affiliates. You can unsubscribe at any time and we encourage you to read more about our [Privacy Policy](https://moneymorning.com/privacy/). ## One moment, please: Processing your submission ###### More Trending Stories from Money Morning - [$10,000 Invested in MercadoLibre 5 Years Ago Would Be How Much?!](https://moneymorning.com/2026/02/27/10000-invested-in-mercadolibre-5-years-ago-would-be-how-much/) - [Is a Buyout the Hope PayPal Investors Have Been Waiting For?](https://moneymorning.com/2026/02/27/is-a-buyout-the-hope-paypal-investors-have-been-waiting-for/) - [Here's Why ACM Research Is a Buy Despite Its Earnings Miss](https://moneymorning.com/2026/02/27/heres-why-acm-research-is-a-buy-despite-earnings/) - [Axon Enterprise Stuns the Market With Huge Q4 Earnings Beat](https://moneymorning.com/2026/02/27/axon-enterprise-stuns-the-market-with-huge-q4-earnings-beat/) - [Anthropic Mauls CrowdStrike Again. Here's Why the Cybersecurity Stock Is a Buy](https://moneymorning.com/2026/02/25/anthropic-mauls-crowdstrike-again-heres-why-the-cybersecurity-stock-is-a-buy/) Share it: ### Popular Articles ###### [Here's Why ACM Research Is a Buy Despite Its Earnings Miss](https://moneymorning.com/2026/03/01/why-acm-research-is-a-buy-despite-earnings/) March 1, 2026 ###### [$10,000 Invested in MercadoLibre 5 Years Ago Would Be How Much?!](https://moneymorning.com/2026/02/27/10000-invested-in-mercadolibre-5-years-ago-would-be-how-much/) February 27, 2026 ###### [Here's Why ACM Research Is a Buy Despite Its Earnings Miss](https://moneymorning.com/2026/02/27/heres-why-acm-research-is-a-buy-despite-earnings/) February 27, 2026 ###### [Axon Enterprise Stuns the Market With Huge Q4 Earnings Beat](https://moneymorning.com/2026/02/27/axon-enterprise-stuns-the-market-with-huge-q4-earnings-beat/) February 27, 2026 Notifications reCAPTCHA Recaptcha requires verification. [Privacy](https://www.google.com/intl/en/policies/privacy/) \- [Terms](https://www.google.com/intl/en/policies/terms/) protected by **reCAPTCHA** [Privacy](https://www.google.com/intl/en/policies/privacy/) \- [Terms](https://www.google.com/intl/en/policies/terms/)