- QuantumScape's Q1 earnings meet market expectations despite GAAP EPS of -$0.21.
- Analysts predict a potential upside of approximately 37.56% for QuantumScape's stock.
- Current brokerage consensus suggests holding onto the company's shares.
QuantumScape Corp (QS, Financial) has released its first-quarter financial results, reporting a GAAP EPS of -$0.21. This aligns with market predictions and demonstrates the company's ongoing commitment to pioneering advancements in solid-state battery technology. Despite facing investment-related apprehensions, QuantumScape continues to forge ahead in this innovative sector.
Analyst Predictions and Price Targets
Wall Street analysts have set a range of one-year price targets for QuantumScape Corp (QS, Financial). The average target is $5.48, with high expectations reaching $8.00 and a low estimate of $2.50. These figures suggest a potential upside of 37.56% from the current stock price of $3.98. For a deeper dive into the numbers, visit the QuantumScape Corp (QS) Forecast page.
Brokerage Firm Recommendations
The consensus recommendation from 9 brokerage firms places QuantumScape Corp (QS, Financial) at an average brokerage recommendation of 3.1. This suggests a "Hold" status, on a scale where 1 is a Strong Buy and 5 is a Sell. Investors should consider these insights when evaluating their positions in QuantumScape.
