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Rigetti Computing's shares fall after Q3 results miss 

By Reuters News

** Quantum computing company Rigetti Computing RGTI.O shares down 4.7% at $11.60 in afternoon trading

** RGTI reports quarterly adj. net loss of $20.47 million, wider than the analyst consensus of $17.09 million, according to data compiled by LSEG

** Co posts Q3 revenue of $1.41 mln missing analyst expectations of $3.52 mln

** RGTI issues FY revenue forecast of $20 mln verus analysts' average estimate of $22.9 mln

** TD Cowen says revenue and backlog remains modest compared to peers, despite progress in the company's tech roadmap

** At least 4 brokerages cut the company's PT

** Out of 13 brokerages rating the stock, 9 give it a "buy rating, and 4 "hold"; median PT at $20, according to data compiled by LSEG

** Including session's moves, RGTI down about 48% YTD

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