Rigetti Computing (RGTI) is currently trading at approximately $25.55. The stock experienced a significant price spike in October of last year, reaching over $58, but has since pulled back. Analyst ratings show a consensus 'moderate buy' with a target price of $51.99, down from a previous 'strong buy' rating. The company's recent financial performance shows declining sales and accelerating losses, with a high dilution risk due to ongoing share issuances. Despite these challenges, Rigetti is involved in DARPA's Quantum Benchmarking Initiative and continues to secure government and institutional grants. While the company's technological advancements are noted, its current financial state and the high valuation present a significant risk, making it a speculative bet on future technological adoption.