UBS Maintains Neutral on QuantumScape, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Joseph Spak maintains a Neutral rating on QuantumScape (NYSE:QS) and lowers the price target from $9 to $5.
April 25, 2024 | 3:29 pm
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NEGATIVE IMPACT
UBS analyst Joseph Spak maintains a Neutral rating on QuantumScape and lowers the price target from $9 to $5.
The reduction in price target by a significant margin from $9 to $5 by a reputable analyst like Joseph Spak could lead to a negative short-term sentiment among investors, potentially causing a decrease in QuantumScape's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100