HC Wainwright & Co. Maintains Buy on Arqit Quantum, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Scott Buck has maintained a Buy rating on Arqit Quantum (NASDAQ:ARQQ) but has reduced the price target from $4 to $3.
November 22, 2023 | 11:44 am
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NEGATIVE IMPACT
Arqit Quantum's Buy rating is maintained by HC Wainwright & Co., but the price target is lowered from $4 to $3.
The reduction in price target by HC Wainwright & Co. suggests a downward revision of the firm's expectations for Arqit Quantum's stock performance, which could lead to short-term negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100