Truist Securities Reiterates Hold on QuantumScape, Raises Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has reiterated its Hold rating on QuantumScape and raised the price target from $6 to $7.

October 25, 2024 | 2:16 pm
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Truist Securities has maintained its Hold rating on QuantumScape, while increasing the price target from $6 to $7, indicating a slightly more positive outlook.
The increase in price target from $6 to $7 suggests a slightly improved outlook for QuantumScape, which could lead to a positive short-term impact on the stock price. However, the Hold rating indicates that the analyst does not see significant upside potential, which tempers the overall impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100