Sealsq price target lowered to $4 from $7 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Sealsq (LAES) to $4 from $7 and keeps an Overweight rating on the shares. The revised price target reflects a lower multiple, incorporating accelerated cash burn, warrant dilution risk, and slower-than-expected adoption of post-quantum security, the analyst tells investors in a research note. While commercialization remains early-stage, long-term demand tailwinds are anticipated as enterprises and governments prepare for a quantum computing-driven security landscape, the firm says.