Is Arqit Quantum Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NASDAQ: ARQQ) stock is to Buy ARQQ stock.
Out of 2 analysts, 0 (0%) are recommending ARQQ as a Strong Buy, 1 (50%) are recommending ARQQ as a Buy, 1 (50%) are recommending ARQQ as a Hold, 0 (0%) are recommending ARQQ as a Sell, and 0 (0%) are recommending ARQQ as a Strong Sell.
What is ARQQ's forecast return on equity (ROE) for 2023-2024?
(NASDAQ: ARQQ) forecast ROE is 42.82%, which is considered strong.
What is ARQQ's Price Target?
According to 2 Wall Street analysts that have issued a 1 year ARQQ price target, the average ARQQ price target is $3.75, with the highest ARQQ stock price forecast at $6.00 and the lowest ARQQ stock price forecast at $1.50.
On average, Wall Street analysts predict that Arqit Quantum's share price could reach $3.75 by May 18, 2024. The average Arqit Quantum stock price prediction forecasts a potential upside of 604.89% from the current ARQQ share price of $0.53.
What is ARQQ's forecast return on assets (ROA) for 2023-2024?
(NASDAQ: ARQQ) forecast ROA is 29.99%, which is higher than the forecast US Software - Infrastructure industry average of 15.14%.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.