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

Key Points

• Robert W. Baird cut QuantumScape’s price target from $8.00 to $6.00 while maintaining a “neutral” rating; the new target implies approximately 50.75% upside from the stock’s $3.98 price.
• Analyst sentiment remains cautious: six analysts rate the stock “Hold,” with a consensus price target of $7.80. Morgan Stanley also lowered its target to $4.50, while TD Cowen reduced its target to $6.00.
• QuantumScape’s quarterly loss of $0.14 per share beat the $0.17 consensus estimate, but the company remains unprofitable; insiders sold 294,599 shares worth approximately $1.47 million over the past 90 days.

QuantumScape (NYSE:QS - Get Free Report) had its price objective reduced by equities research analysts at Robert W. Baird from $8.00 to $6.00 in a research note issued to investors on Thursday, Benzinga reports. The firm 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 current price.

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

QuantumScape Price Performance

NYSE:QS opened at $3.98 on Thursday. The business's 50-day moving average is $5.07 and its 200 day moving average is $6.35. QuantumScape has a 12 month low of $3.80 and a 12 month high of $18.56. The company has a market capitalization of $2.46 billion, a P/E ratio of -4.91 and a beta of 2.83. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02.

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

Insider Buying and Selling

In related news, CTO Timothy Holme sold 75,000 shares of QuantumScape stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $5.09, for a total value of $381,750.00. Following the completion of the transaction, the chief technology officer owned 1,583,075 shares in the company, valued at approximately $8,057,851.75. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 294,599 shares of company stock valued at $1,473,271 in the last ninety days. Company insiders own 3.93% of the company's stock.

Institutional Investors Weigh In On QuantumScape

Several institutional investors have recently modified their holdings of QS. Onyx Bridge Wealth Group LLC increased its position in shares of QuantumScape by 600.1% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 73,273 shares of the company's stock valued at $340,000 after purchasing an additional 62,807 shares during the last quarter. Frank Rimerman Advisors LLC raised its holdings in QuantumScape by 39.4% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 15,088 shares of the company's stock valued at $70,000 after buying an additional 4,268 shares during the period. Strategy Asset Managers LLC lifted its position in QuantumScape by 29.7% in the third quarter. Strategy Asset Managers LLC now owns 53,523 shares of the company's stock worth $249,000 after buying an additional 12,247 shares during the last quarter. N10 Wealth LLC bought a new stake in QuantumScape in the third quarter worth $84,000. Finally, Green Alpha Advisors LLC boosted its stake in QuantumScape by 4.2% during the third quarter. Green Alpha Advisors LLC now owns 140,117 shares of the company's stock worth $651,000 after buying an additional 5,631 shares during the period. 29.87% of the stock is owned by institutional investors.

QuantumScape News Summary

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

QuantumScape Company Profile

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.

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