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ASX:PNR News 23 January 2026

Macquarie stock slips into Australia Day break as rate bets tighten — what to watch next

Macquarie stock slips into Australia Day break as rate bets tighten — what to watch next

Sydney, Jan 23, 2026, 17:47 AEDT — After-hours Macquarie Group shares slipped 0.22% to close at A$210.41 on Friday, giving back some of Thursday’s 2.44% gain. The stock drifted quietly as the weekend approached. (StockAnalysis) The steady finish is notable as rate expectations shift once more. Australia’s unemployment rate dropped to 4.1% in December, with employment increasing by roughly 65,000,…
23 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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