QuantumScape (QS) Stock Forecast & Price Target

$7.06

+0.17 (+2.47%)

(As of 07/26/2024 ET)

QuantumScape - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce
Based on 7 Analyst Ratings

Based on 7 Wall Street analysts who have issued ratings for QuantumScape in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 7 analysts, 2 have given a sell rating, 4 have given a hold rating, and 1 has given a buy rating for QS.

Consensus Price Target

$6.45
-8.58% Downside

High Forecast	$10.00
Average Forecast	$6.45
Low Forecast	$4.70

According to the 7 analysts' twelve-month price targets for QuantumScape, the average price target is $6.45. The highest price target for QS is $10.00, while the lowest price target for QS is $4.70. The average price target represents a forecasted downside of -8.58% from the current price of $7.06.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Reduce	Reduce	Reduce	Sell
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	0 Buy rating(s)
Hold	4 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	2 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$6.45	$6.67	$6.30	$5.83
Forecasted Upside	-8.58% Downside	-3.99% Downside	-9.89% Downside	-30.64% Downside

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QS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

QS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

QuantumScape Stock vs. The Competition

Type	QuantumScape	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	1.86	2.47	2.50
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside	-8.51% Downside	347.85% Upside	9.13% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/25/2024	UBS Group 4 of 5 stars	Lower Target	Neutral ➝ Neutral	$9.00 ➝ $5.00
4/22/2024	Truist Financial 1 of 5 stars	Lower Target	Hold ➝ Hold	$8.00 ➝ $6.00	+11.73%
2/15/2024	Robert W. Baird 2 of 5 stars	Boost Target	Neutral ➝ Neutral	$5.00 ➝ $8.00	+7.10%
12/18/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform
12/4/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Reduce	$4.70	-31.19%
10/3/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sell ➝ Sell	$6.00 ➝ $5.00	-22.84%
9/18/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$10.00	+44.30%
7/19/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$14.00 ➝ $8.00	-24.24%
6/8/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Peer Perform ➝ Underperform	$2.00	-72.71%
4/28/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$10.00 ➝ $8.00	+15.61%
1/25/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underweight	$4.00 ➝ $3.00	-61.88%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 10:02 PM ET.

QS Forecast - Frequently Asked Questions

What is QuantumScape's forecast for 2024?: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for QuantumScape is $6.45, with a high forecast of $10.00 and a low forecast of $4.70.
Should I buy or sell QuantumScape stock right now?: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for QuantumScape in the last year. There are currently 2 sell ratings, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" QS shares.
Does QuantumScape's stock price have much upside?: According to analysts, QuantumScape's stock has a predicted upside of 1.63% based on their 12-month stock forecasts.
Do Wall Street analysts like QuantumScape more than its competitors?: Analysts like QuantumScape less than other "auto/tires/trucks" companies. The consensus rating for QuantumScape is Reduce while the average consensus rating for "auto/tires/trucks" companies is Hold. Learn more on how QS compares to other companies.