Rigetti Computing (RGTI) shares fell 11% over a week, driven by a broader tech selloff and analyst price-target cuts rather than company-specific negative news. The stock dropped alongside peers like D-Wave Quantum as the Nasdaq entered correction territory following weak outlooks from Intel and Amazon regarding AI spending. Analyst Craig Ellis of B. Riley reduced his Rigetti target to $25 from $35, citing weakness across the quantum sector, though he maintained a Buy rating. The company is preparing to report earnings on November 10, with market attention focused on whether its major system delivery for India's C-DAC will be accepted in the fourth quarter as planned. Rigetti possesses significant financial resilience with $541.3 million in cash and investments at year-end June, allowing it to withstand volatility while waiting for key revenue milestones. Analysts expect Rigetti's annual revenue to more than triple to approximately $23.3 million, a figure heavily dependent on the successful installation and acceptance of the Indian government contract which currently accounts for over one-third of this year's estimates. Investors are advised to wait for the November 10 earnings report before making trading decisions, as delays in the C-DAC project acceptance could materially impact revenue guidance. The current stock price of roughly $28 remains well below the historical average analyst target of $40.50, suggesting potential value if the upcoming delivery proceeds as scheduled.