5 Most Undervalued Cybersecurity Stocks To Buy According To Analysts

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1. Arqit Quantum Inc. (NASDAQ:ARQQ)

Number of Q4 2023 Hedge Fund Shareholders: 5

Average Analyst Share Price Target Upside: 261%

Average Analyst Share Price Target: $3

Arqit Quantum Inc. (NASDAQ:ARQQ) is one of the rare cybersecurity companies in the world whose cloud based platform also claims to offer protection against quantum computers. The firm scored a win in March 2024 when it entered into a sales agreement with one of the U.K.’s largest digital transformation firms.

During Q4 2023, five out of the 933 hedge funds tracked by Insider Monkey had bought and owned Arqit Quantum Inc. (NASDAQ:ARQQ)’s shares. Hal Mintz’s Sabby Capital was the biggest shareholder through its $9,394 stake.

Follow Arqit Quantum Inc.

Disclosure: None. You can also take a look at 20 Biggest Natural Gas Companies in the World and 20 Healthiest States in the US in 2023.

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