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ASX:API News 21 January 2026

Wesfarmers share price falls 2.7% — what investors watch before February results

Wesfarmers share price falls 2.7% — what investors watch before February results

Sydney, January 21, 2026, 17:28 AEDT — The market has closed. Wesfarmers Ltd (WES.AX) saw its shares drop 2.65% on Wednesday, closing at A$81.12. This decline leaves the retail giant on the defensive as it heads into the next trading day. (Wesfarmers) The market is closed for now, but the stock still has two near-term catalysts: a half-year update due…
21 January 2026
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Stock Market Today

  • Rigetti Computing Stock Analysis: Catalysts and Challenges to Reach $50 Target
    January 23, 2026, 9:57 AM EST. Rigetti Computing (NASDAQ: RGTI) shares gained around 5% on January 22 following an $8.4 million order from India's C-DAC for a 108-qubit quantum system, signaling market optimism. B. Riley upgraded the stock to "Buy," with a target price of $35, while Wedbush analysts suggest $40. Key growth drivers include scaling quantum systems to 100+ qubits by mid-2026, expanding order pipelines in India and beyond, and leveraging a $600 million cash reserve to advance research and development. Partnerships, such as a $100 million joint venture with Quanta Computer, further support Rigetti's competitive positioning. However, risks remain: quantum computing progress is complex, and sector hype may falter if peers outperform. Investors eyeing a potential doubling of Rigetti's stock to $50 by late 2027 should weigh these catalysts against market volatility and execution challenges.
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