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Do Analysts Expect Quantumscape Corp (QS) Stock to Rise After It Has Fallen -33.62% in a Month?

Friday, January 21, 2022 02:22 PM | InvestorsObserver Analysts
Do Analysts Expect Quantumscape Corp (QS) Stock to Rise After It Has Fallen -33.62% in a Month?

Wall Street is positive on Quantumscape Corp (QS). On average, analysts give QS a Buy rating. The average price target is $38.25, which means analysts expect the stock to increase by 137.73% over the next twelve months. That average ranking earns QS an Analyst Rating of 20, which is better than 20% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.7
Wall Street analysts are rating QS a Buy today. Find out what this means to you and get the rest of the rankings on QS!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Quantumscape Corp Stock Today?

Quantumscape Corp (QS) stock is trading at $16.09 as of 2:21 PM on Friday, Jan 21, a drop of -$1.21, or -6.99% from the previous closing price of $17.30. The stock has traded between $15.72 and $17.00 so far today. Volume today is 10,268,220 compared to average volume of 8,512,223. Click Here to get the full Stock Report for Quantumscape Corp stock.

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