Quantumscape

QS · NASDAQ

$3.98+$0.085 (+2.18%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $3.90

QS analyst rating

HoldConsensus of 5 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold5
Underperform0
Sell0

12-month price target · 11 analysts

Average $6.80 (+70.7% upside)

Low: $2.53
Now: $3.98
High: $10.50

Upgrades and downgrades

The latest rating actions, newest first

QS analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Morgan Stanley	Oct 15, 2026	Maintains	Equal-Weight	$8.50 → $4.50	67%
Evercore ISI Group	Oct 12, 2026	Maintains	In-Line	$10.00 → $7.00	41%
TD Cowen	Jul 24, 2026	Maintains	Hold	$8.00 → $6.00	42%
Evercore ISI Group	Feb 23, 2026	Maintains	In-Line	$12.00 → $10.00	41%
HSBC	Feb 19, 2026	Upgrade	Reduce → Hold	$10.50 → $8.30	100%
Morgan Stanley	Feb 18, 2026	Maintains	Equal-Weight	$12.00 → $8.50	67%
Morgan Stanley	Dec 8, 2025	Initiates	Equal-Weight	$12.00	67%
Evercore ISI Group	Nov 24, 2025	Downgrade	Outperform → In-Line	$8.00 → $12.00	41%
HSBC	Nov 19, 2025	Downgrade	Hold → Reduce	$5.30 → $10.50	100%
TD Cowen	Oct 30, 2025	Maintains	Hold	$5.00 → $16.00	63%

The case for and against

Updated Apr 17, 2025

Bull case

QuantumScape Corp has reported an increase in total liquidity, reaching $911 million at year-end, which includes a $129 million boost from their ATM program, allowing for an extended cash runway into the second half of 2028. The company has achieved a significant milestone with the shipment of QSE-5 B-samples, indicating progress in the production process and the potential for faster delivery of future battery samples, enhancing prospects for growth. With solid-state battery technology poised to deliver higher energy densities at potentially lower costs, QuantumScape's innovations position it favorably for future advancements in electric vehicle batteries, with the expectation of beginning to generate meaningful revenues by 2027.

Bear case

The financial outlook for QuantumScape Corp remains negative primarily due to significant risks related to delays in battery scaling and production, which could arise from both technological and manufacturing challenges. Additionally, the slower-than-expected adoption of solid-state batteries compared to traditional lithium-ion cells constitutes a critical concern, as does the potential emergence of alternative advanced battery technologies that could hinder QuantumScape's market positioning. Furthermore, adjustments to discount rates and the weighted average cost of capital (WACC) reflect a decrease in the company’s price target, indicating a shift in investor sentiment and concerns regarding future profitability.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.