
QuantumScape Corporation (NYSE:QS) Given Average Recommendation of "Reduce" by Brokerages

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QuantumScape Corporation (NYSE:QS) has received a consensus recommendation of "Reduce" from eight brokerages. Two analysts rated the stock as a sell, while six issued a hold rating. The average target price is $9.90. Recent insider sales include CTO Timothy Holme selling 127,077 shares and Director Jeffrey B. Straubel selling 27,106 shares. Institutional investors own 29.87% of the stock. Positive sentiment surrounds the company due to Q1 earnings beating estimates and progress in manufacturing, with management highlighting interest in new markets beyond automotive.
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