Goldman Sachs Maintains Sell on QuantumScape, Raises Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney maintains a 'Sell' rating on QuantumScape (NYSE:QS) and raises the price target from $4 to $6.
August 01, 2023 | 1:37 pm
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Goldman Sachs maintains a 'Sell' rating on QuantumScape, but raises the price target from $4 to $6.
The 'Sell' rating maintained by Goldman Sachs indicates a negative outlook for QuantumScape. However, the increase in price target from $4 to $6 suggests that the analyst sees some potential for the stock's price to rise, albeit not enough to change the overall negative rating. This could lead to downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100