HSBC Upgrades QuantumScape (QS) to Hold

HSBC analyst Laisha Zaack upgraded QuantumScape (NASDAQ: QS) from Reduce to Hold with a price target of $8.30 (from $10.50).

The analyst commented: "QS achieved its 2025 targets: 1) integrate Cobra into cell production (a much faster and energy efficient heat treatment); 2) ship Cobra integrated QSE-5 cells; 3) install equipment for the Eagle line; and 4) expand its commercial agreements. Despite the progress, the stock has declined 31% YTD, which, in our view, could be attributed to the market losing enthusiasm given the lack of detail, the higher EBITDA loss guidance (USD250-275m vs USD252m in 2025), and vague KPIs for the new targets. Still, we believe the company is on a solid road to mass-market commercialization, but we would welcome more visibility and tangible KPIs to assess the new targets. Hence, we upgrade to Hold."

For an analyst ratings summary and ratings history on QuantumScape click here. For more ratings news on QuantumScape click here.

Shares of QuantumScape closed at $7.15 yesterday.

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