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Electric Vehicle Stock Quantumscape Corp (QS) Surges 2.37% Wednesday; Analysts Call It A Buy, Are They Wrong? – InvestorsObserver

Quantumscape Corp is gaining momentum Wednesday, increasing 2.37%. Wall Street is positive on Quantumscape Corp (QS). On average, analysts give the stock a Buy rating. The average price target is $15.5, which means analysts expect the stock to climb by 55.78% over the next twelve months. That average ranking earns the stock an Analyst Rating of 15, which is better than 15% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.3
Wall Street analysts are rating QS a Buy today. Find out what this means to you and get the rest of the rankings on QS!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What’s Happening With Quantumscape Corp Stock Today?

Quantumscape Corp (QS) stock is trading at $9.95 as of 9:58 AM on Wednesday, Sep 7, a rise of $0.23, or 2.37% from the previous closing price of $9.72. The stock has traded between $9.56 and $10.03 so far today. Volume today is below average. So far 554,146 shares have traded compared to average volume of 5,633,235 shares. Click Here to get the full Stock Report for Quantumscape Corp stock.
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