Rigetti Computing's stock is overvalued and facing tough competition, despite temporary surges driven by industry news. Click here to read why RGTI is a Strong Sell.

"Particularly because of the hype that is going on in the quantum computing space and some erroneous statements are being made, including by people in the industry, we have to tamp down some expectations," Rigetti Computing CEO Subodh Kulkarni told me on Yahoo Finance's Opening Bid podcast (video above; listen in below).

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $5.42, along with a high estimate of $12.00 and a low estimate of $2.00. Surpassing the previous average price target of $3.00, the current average has increased by 80.67%.

Curious about the future of quantum computing? Rigetti Computing (NASDAQ: RGTI) has been making waves with its groundbreaking advances in quantum technology. But is this stock a buy, sell, or hold? With extreme volatility and game-changing potential,

CEO Subodh Kulkarni had a message for investors. “It’s still not the time to talk about sales and sales growth because we are still very much in the technology development mode,” he told Yahoo. “We have to get the technology perfected before we can start seeing real material