Arqit Quantum's Average Price Target Increased by 15.38% to $61.20

Arqit Quantum's (ARQQ) average one-year price target has been revised to $61.20/share, a 15.38% increase from the prior estimate. The target is based on the average of analyst targets, ranging from $60.60 to $63.00/share. The average price target represents a 42.36% increase from the latest reported closing price of $42.99/share. There are 50 funds reporting positions in ARQQ, with 712K shares owned by Penserra Capital Management and 108K shares owned by UBS Group. The put/call ratio is 0.52, indicating a bullish outlook.