Is QS Stock a Buy Now? 3 Analysts Weigh In on QuantumScape Prices. Here\\\’s what the analysts think about QuantumScape today
Is QS Stock a Buy Now? 3 Analysts Weigh In on QuantumScape Prices. Here\\\’s what the analysts think about QuantumScape today

Is QS Stock a Buy Now? 3 Analysts Weigh In on QuantumScape Prices. Here\\\’s what the analysts think about QuantumScape today

One firm that is gaining a significant amount of interest today is QuantumScape (NYSE: QS). Shares of this solid-state battery supplier have actually soared greater than 7% at the time of creating, on unusually high volume. For financiers in qs stock price today, this move is a welcome reprieve from the or else unfavorable price action seen over the past year.

Indeed, over the past 12 months, shares of QS stock have actually given up almost 60% of their value.

Much of the sentiment around solid-state batteries has actually shifted considerably over the past year. Why? Well, investors appear to be decreasing their expectations as to when this modern technology will be viable. To put it simply, also fans of the game-changing innovation that QuantumScape specializes in think that it may take some time.

As necessary, assumptions of future cash flow development are significantly being pushed out right into additional years, a reality that doesn’t square well with rising rates of interest.

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

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

Why QuantumScape Stock Instantly Leapt Monday Afternoon

QuantumScape (QS 6.88%) stock rocketed greater by as much as 12.8% Monday afternoon before moderating to shut the session up by 6.8%. The unexpected enter the stock cost can be attributed to a write-up released by German service monthly Supervisor Magazin that sustained conjecture concerning a potential collaboration between QuantumScape as well as a high-end automobile manufacturer.

So what
QuantumScape is developing multilayer solid-state lithium steel battery cells that are reportedly far better than the lithium-ion batteries that currently power most electrical vehicles (EVs) on numerous matters, including energy thickness, performance, billing speed, expense, and also safety.

An individual making use of a smart phone while waiting to bill electrical auto.
Image source: Getty Images.

According to the Manager Magazin article, Volkswagen’s (VWAGY 2.12%) luxury brand Porsche, best recognized for its 911 cars, is supposedly developing an electrical variation of the 911 that might make use of solid-state batteries, as well as is collaborating with QuantumScape to supply them.

Although neither QuantumScape neither Porsche have actually confirmed anything yet, financiers were perhaps banking on this report confirming real, provided the company’s long-standing partnership with Volkswagen.

In 2021, QuantumScape obtained an additional $100 million worth of funding from Volkswagen after its battery cells met the car manufacturer’s technological turning point requirements in lab tests. The two companies have actually also authorized an arrangement to jointly develop a solid-state battery pilot-line center.

QuantumScape doesn’t anticipate to start industrial production of its batteries before 2024. Yet financiers have actually bet huge on the stock, as well as the backing of Volkswagen creates an essential part of the financial investment thesis for the EV battery startup.

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