What Wall Street Thinks About QuantumScape (QS)

QuantumScape Corporation (NASDAQ:QS) is one of the 12 Best Stocks Under $10 to Invest In Right Now. On February 18, HSBC upgraded its rating on QuantumScape Corporation (NASDAQ:QS) from Reduce to Hold but lowered its price target from $10.50 to $8.30 on the stock.

HSBC pointed to the company’s progress in meeting its 2025 goals. These include integrating Cobra into cell production, shipping Cobra-integrated QSE-5 cells, installing equipment for the Eagle line, and expanding commercial agreements. The research firm believes QuantumScape Corporation (NASDAQ:QS) is on a strong path to mass-market commercialization.

Also on February 18, TD Cowen reduced its price target on QuantumScape Corporation (NASDAQ:QS) from $16 to $8 and kept its Hold rating. The research firm said challenges in the EV market have delayed expectations for the company’s production ramp-up. TD Cowen noted that QuantumScape Corporation (NASDAQ:QS) continues to perform well. The firm also noted the company’s 2026 goals, which highlight expansion into high-value non-automotive markets. However, TD Cowen believes these opportunities will take time to materialize.

Earlier, on February 12, Baird lowered its price target on QuantumScape Corporation (NASDAQ:QS) from $13 to $12 and kept its Neutral rating. The firm updated its estimates after the company reported Q4 results and shared its strategic plans for 2026.

QuantumScape Corporation (NASDAQ:QS) is an American company focused on developing next-generation, solid-state lithium-metal batteries for electric vehicles and other applications.

While we acknowledge the potential of QS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 13 Best American Penny Stocks to Invest In and 15 AI Stocks That Are Skyrocketing.

Disclosure: None.  Follow Insider Monkey on Google News.