Arqit Quantum target adjusted to $22 from $2 at H.C. Wainwright

H.C. Wainwright adjusted the firm’s price target on Arqit Quantum (ARQQ) to $22 from $2 and keeps a Buy rating on the shares to reflect the recent reverse share split. The firm believes the upcoming second half of 2024 results could be a potential catalyst for the shares.