Analyst Expectations for QuantumScape's Future
Portfolio Pulse from Benzinga Insights
QuantumScape (NYSE:QS) has received mixed analyst ratings in the last quarter, with an average 12-month price target of $7.00, representing a 12.5% decrease from the previous target of $8.00. Ratings include 1 somewhat bullish, 2 indifferent, and 1 bearish. Analysts provide these ratings based on financial analysis and company insights, and they are updated quarterly.
November 20, 2023 | 4:00 pm
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NEGATIVE IMPACT
QuantumScape's stock may face short-term pressure due to the lowered average price target of $7.00, down from $8.00, and mixed analyst ratings with a lean towards a neutral to bearish outlook.
The reduction in the average price target suggests that analysts have become more cautious about QuantumScape's future performance. Mixed ratings with a bearish tilt could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100