Rigetti Computing Inc. ($RGTI) reported its fourth-quarter earnings, revealing a net loss of $153 million and a revenue of $2.27 million, which fell short of analysts' expectations of $2.5 million. The company’s adjusted earnings per share (EPS) was -$0.08, missing the anticipated EPS of -$0.06. This represents a 33% year-over-year decline in revenue. Following the earnings announcement, Rigetti's stock fell approximately 10.8% in pre-market trading. Analysts from Alliance Global Partners have raised their target price for Rigetti from $15 to $16, maintaining a buy rating despite the disappointing financial results. CEO Subodh Kulkarni highlighted the company's strategic collaboration with Quanta, emphasizing its potential in superconducting quantum computing.