QuantumScape shares are trading lower after the company reported Q1 financial results. Also, UBS maintained a Neutral rating on the stock and lowered its price target from $9 to $5.
Portfolio Pulse from Benzinga Newsdesk
QuantumScape's stock trades lower following Q1 financial results and UBS's decision to maintain a Neutral rating while reducing the price target from $9 to $5.
April 25, 2024 | 3:54 pm
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NEGATIVE IMPACT
QuantumScape's shares are trading lower due to disappointing Q1 financial results and a lowered price target by UBS from $9 to $5.
The negative impact on QuantumScape's stock is due to the combination of poor Q1 financial performance and a significant reduction in the price target by UBS, indicating lowered expectations from analysts.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100