Baird lowered the firm’s price target on QuantumScape (QS) to $6 from $8 and keeps a Neutral rating on the shares. The firm updated its model following Q1 results after it annnounced an agreement to collaborate with Murata.
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Read More on QS:
- QuantumScape’s Hold Rating: Promising Partnerships and Challenges Amidst Intense Competition
- QuantumScape Advances in Solid-State Battery Development
- QuantumScape’s Hold Rating: Balancing Promising Partnerships and Competitive Challenges
- QuantumScape reports Q1 EPS (21c), consensus (19c)
- QuantumScape backs FY25 CapEx view $45M-$75M
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