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Quantumscape Corp (QS) Price Target Set: Are Analysts Too Bullish On This Electric Vehicle Stock?

Friday, October 07, 2022 03:38 PM | InvestorsObserver Analysts

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Quantumscape Corp (QS) Price Target Set: Are Analysts Too Bullish On This Electric Vehicle Stock?

Electric Vehicle stock QS is lower by 6.89% Friday. Wall Street is positive on Quantumscape Corp (QS). On average, analysts give QS a Buy rating. The average price target is $14.714, which means analysts expect the stock to increase by 72.90% over the next twelve months. That average ranking earns QS an Analyst Rating of 15, which is better than 15% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.3
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?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Quantumscape Corp Stock Today?

Quantumscape Corp (QS) stock is trading at $8.51 as of 3:28 PM on Friday, Oct 7, a decline of -$0.63, or -6.89% from the previous closing price of $9.14. The stock has traded between $8.51 and $8.90 so far today. Volume today is less active than usual. So far 4,318,008 shares have traded compared to average volume of 5,767,480 shares. Click Here to get the full Stock Report for Quantumscape Corp stock.

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