QuantumScape price target raised to $3 from $2.50 at Goldman Sachs

Goldman Sachs raised the firm’s price target on QuantumScape (QS) to $3 from $2.50 and keeps a Sell rating on the shares following Q2 results. The key remaining goal for 2025 is shipping higher volume B samples, according to the firm. Goldman told investors that it is encouraged by the QuantumScape’s progress in the quarter, including with the Cobra separator manufacturing process, and expanding its PowerCo agreement to include an additional up to $131M in payments related to development work milestones. The firm added that it maintains its Sell rating on the stock as several fundamental risks remain that it does not believe are reflected in the current stock price.