Is QS Stock a Buy Today? 3 Experts Weigh In on QuantumScape Prices. Here\\\’s what the analysts think of QuantumScape right now

One business that is obtaining a significant quantity of rate of interest today is QuantumScape (NYSE: QS). Shares of this solid-state battery maker have risen more than 7% at the time of composing, on abnormally high quantity. For investors in qs stock price quantumscape, this action is a welcome reprieve from the or else unfavorable rate activity seen over the past year.

Certainly, over the past 12 months, shares of QS stock have actually quit almost 60% of their value.

Much of the sentiment around solid-state batteries has shifted substantially over the past year. Why? Well, capitalists seem reducing their assumptions regarding when this technology will certainly be sensible. In other words, even advocates of the game-changing technology that QuantumScape focuses on think that it might take some time.

Appropriately, expectations of future capital growth are progressively being pushed out right into further years, a reality that doesn’t square well with rising interest rates.

Where Do Analysts Assume QS Stock Is Headed?
For recommendation, QS stock currently trades at $18.60.

– JPMorgan’s Jose Asumendi lately repeated a “hold” rating on QS stock, with a price target of $27 per share.
– Adam Jonas of Morgan Stanley also stated an “equivalent weight” score, reducing his rate target to $30 from $40 for QS stock.
– Lastly, Baird analyst George Gianarikas kept a “hold” rating, with a $20 rate target on this stock.

Why QuantumScape Stock Unexpectedly Leapt Monday Mid-day

QuantumScape (QS 6.88%) stock rocketed greater by as long as 12.8% Monday mid-day before regulating to shut the session up by 6.8%. The sudden enter the stock cost can be credited to an article released by German company month-to-month Manager Magazin that fueled supposition regarding a prospective partnership between QuantumScape as well as a luxury cars and truck manufacturer.

So what
QuantumScape is constructing multilayer solid-state lithium metal battery cells that are reportedly far better than the lithium-ion batteries that presently power most electric vehicles (EVs) on several matters, consisting of energy density, effectiveness, charging speed, cost, and security.

An individual using a cellphone while waiting to charge electric vehicle.
Image source: Getty Images.

According to the Supervisor Magazin write-up, Volkswagen’s (VWAGY 2.12%) luxury brand name Porsche, best understood for its 911 sports car, is supposedly developing an electric version of the 911 that can make use of solid-state batteries, as well as is dealing with QuantumScape to provide them.

Although neither QuantumScape nor Porsche have verified anything yet, capitalists were possibly betting on this report confirming true, offered the firm’s long-standing collaboration with Volkswagen.

In 2021, QuantumScape obtained an added $100 million worth of funding from Volkswagen after its battery cells met the car manufacturer’s technological milestone demands in laboratory examinations. The two business have likewise signed an arrangement to collectively develop a solid-state battery pilot-line center.

QuantumScape doesn’t anticipate to begin commercial manufacturing of its batteries prior to 2024. Yet capitalists have wagered large on the stock, as well as the support of Volkswagen forms a crucial part of the investment thesis for the EV battery start-up.

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