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Babuta shot a total of 208.4.
A 9.5 in response to Croatia’s Miran Maricic’s 10.7 put paid to his hopes of finishing on the podium.
The 25-year-old Babuta started the final with a 10.7 and followed that with a 10.2.
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He started the second series with a 10.7, followed that with a 10.5 and shot a near-perfect 10.8 in the second shot of the first elimination series.
That effort propelled him into the second place while reducing the deficit between him and world record holder Chinese Sheng Lihao to 0.1 point.
However, he could not sustain the form and missed out on the medal.
Lihao claimed the top honours in this event with an Olympic record of 252.2. Sweden’s Victor Lindgren took the silver medal with a score of 251.4, followed by Croatia’s Miran Maricic (230) at the third spot.