In a report released yesterday, Gabriel Daoud from TD Cowen maintained a Hold rating on QuantumScape (QS – Research Report), with a price target of $5.00.
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Gabriel Daoud has given his Hold rating due to a combination of factors surrounding QuantumScape’s current business strategy and future prospects. The company is making progress on its production goals, with plans to ship high-volume B1 samples to customers, which could potentially lead to real-world applications by 2026. Despite a challenging sentiment in the electric vehicle market, QuantumScape management maintains strong customer support and sees its technology as a potential solution to existing industry hurdles.
QuantumScape’s strategic goals for 2025 include bringing its Cobra equipment into baseline production and integrating higher-volume cell production with industrial partners like PowerCo. This involves significant efforts in automation and equipment development to match increased production demands. Additionally, QuantumScape is exploring potential licensing partnerships, particularly with automotive OEMs, which could lead to financial benefits through licensing agreements. These developments, while promising, suggest a cautious optimism, hence the Hold rating as the company works towards achieving these ambitious targets.
Daoud covers the Energy sector, focusing on stocks such as Matador Resources, CNX Resources, and Ovintiv. According to TipRanks, Daoud has an average return of -15.7% and a 32.17% success rate on recommended stocks.