QuantumScape (NYSE:QS) Price Target Cut to $6.00 by Analysts at Robert W. Baird

QuantumScape (NYSE:QS) had its price objective cut by analysts at Robert W. Baird from $8.00 to $6.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 50.75% from the company’s previous close.

A number of other equities research analysts have also issued reports on QS. Morgan Stanley decreased their price target on QuantumScape from $8.50 to $4.50 and set an “equal weight” rating for the company in a research note on Thursday, October 15th. TD Cowen lowered their target price on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Six research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, QuantumScape has an average rating of “Hold” and a consensus price target of $7.80.

QuantumScape Stock Performance

QuantumScape stock opened at $3.98 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.14 and a quick ratio of 21.14. The firm has a market capitalization of $2.46 billion, a P/E ratio of -4.91 and a beta of 2.83. QuantumScape has a 1-year low of $3.80 and a 1-year high of $18.56. The company’s 50-day moving average is $5.07 and its 200 day moving average is $6.35.

QuantumScape (NYSE:QS) last announced its earnings results on Wednesday, October 21st. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.03. QuantumScape’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.18) EPS. Research analysts forecast that QuantumScape will post -0.82 EPS for the current year.

Insider Buying and Selling at QuantumScape

In related news, CTO Timothy Holme sold 45,000 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $4.54, for a total transaction of $204,300.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 294,599 shares of company stock valued at $1,473,271. 3.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On QuantumScape

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. raised its position in QuantumScape by 101.5% during the second quarter. TD Waterhouse Canada Inc. now owns 5,361 shares of the company’s stock valued at $41,000 after acquiring an additional 2,700 shares in the last quarter. Vestor Capital LLC increased its position in shares of QuantumScape by 255.2% during the first quarter. Vestor Capital LLC now owns 8,000 shares of the company’s stock worth $51,000 after purchasing an additional 5,748 shares in the last quarter. Onyx Bridge Wealth Group LLC acquired a new position in QuantumScape in the 1st quarter valued at $65,000. Cobblestone Asset Management LLC acquired a new position in QuantumScape in the 1st quarter valued at $68,000. Finally, Frank Rimerman Advisors LLC raised its stake in QuantumScape by 39.4% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 15,088 shares of the company’s stock valued at $70,000 after purchasing an additional 4,268 shares during the last quarter. 29.87% of the stock is currently owned by hedge funds and other institutional investors.

More QuantumScape News

Here are the key news stories impacting QuantumScape this week:

• Positive Sentiment: Planned 100 MWh production line: QuantumScape plans to develop a solid-state battery production line targeted to begin operating in 2028. The company is partnering with Germany’s Muehlbauer Group on production equipment and is targeting demand from AI data centers, aerospace and defense—markets that could value high-performance batteries and diversify the company beyond electric vehicles. QuantumScape Announces Plans for 100 MWh Solid-State Battery Production Line
• Positive Sentiment: Quarterly loss beat expectations: QuantumScape reported a third-quarter loss of $0.14 per share, better than the $0.17 consensus estimate and improved from a $0.18 loss in the year-earlier quarter. The earnings beat likely helped support the stock, although the company remains unprofitable. QuantumScape Third-Quarter Earnings Report
• Positive Sentiment: Early customer traction: QuantumScape recorded its first customer billings from Honda during the quarter, offering an early commercial signal for its solid-state battery technology. QuantumScape: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: The production-line announcement is a long-term opportunity rather than near-term revenue: the targeted start is 2028, leaving substantial technology, manufacturing and execution risk.
• Negative Sentiment: QuantumScape still posted an approximately $84.5 million quarterly loss, and its shares remain below their 50-day and 200-day moving averages. Morgan Stanley also reduced its price target to $4.50, signaling continued caution about the company’s valuation and commercialization path. Morgan Stanley Cuts QuantumScape Price Target

About QuantumScape

QuantumScape Corporation is a development-stage battery technology company focused on solid-state lithium-metal batteries. Its technology is designed to replace the liquid or gel electrolytes used in conventional lithium-ion batteries with a solid-state separator, with the goal of improving energy density, charging performance, safety and operating range for electric vehicles.

The company is developing prototype battery cells and related manufacturing processes for automotive applications.