Truist Securities Maintains Hold on QuantumScape, Raises Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jordan Levy has maintained a Hold rating on QuantumScape (NYSE:QS) and increased the price target from $6 to $7.
November 30, 2023 | 7:18 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Truist Securities analyst Jordan Levy reaffirmed a Hold rating on QuantumScape and raised the price target from $6 to $7, indicating a positive outlook on the stock's value.
The increase in price target by Truist Securities suggests a more optimistic valuation of QuantumScape, which could lead to increased investor interest and potentially a short-term rise in the stock price. However, the Hold rating indicates that the analyst does not see significant momentum or changes in the company's fundamentals to recommend a Buy at this time.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100