HC Wainwright & Co. Maintains Buy on Arqit Quantum, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Scott Buck maintains a 'Buy' rating on Arqit Quantum (NASDAQ:ARQQ) but lowers the price target from $6 to $4.
September 27, 2023 | 11:08 am
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Arqit Quantum's price target has been lowered from $6 to $4 by HC Wainwright & Co., though the 'Buy' rating is maintained.
The lowering of the price target for Arqit Quantum by HC Wainwright & Co. indicates a potential decrease in the stock's value in the short term. However, the maintenance of the 'Buy' rating suggests that the analyst still sees potential in the company's long-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100