Arqit Quantum Inc. (ARQQ, Financial) has named Jonathan Nguyen-Duy as its new Chief Technology Officer (CTO). Nguyen-Duy brings a wealth of experience in cybersecurity, having worked extensively across both enterprise and federal environments. His appointment is a strategic move by Arqit as they aim to enhance their cybersecurity capabilities and technological leadership in the quantum encryption space.
Nguyen-Duy's expertise is expected to bolster Arqit's efforts in developing advanced security solutions. His background equips him well to address the complex challenges faced in the cybersecurity landscape, underscoring Arqit's commitment to securing data in an increasingly digital world.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Arqit Quantum Inc (ARQQ, Financial) is $52.00 with a high estimate of $52.00 and a low estimate of $52.00. The average target implies an upside of 251.59% from the current price of $14.79. More detailed estimate data can be found on the Arqit Quantum Inc (ARQQ) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Arqit Quantum Inc's (ARQQ, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Arqit Quantum Inc (ARQQ, Financial) in one year is $7.04, suggesting a downside of 52.4% from the current price of $14.79. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Arqit Quantum Inc (ARQQ) Summary page.
