QuantumScape (QS) PT Lowered to $6 at Truist Securities

Truist Securities analyst Jordan Levy lowered the price target on QuantumScape (NYSE: QS) to $6.00 (from $8.00) while maintaining a Hold rating.

The analyst commented: "With >$1Bn in liquidity and improvements to cash burn achieved over the last several quarters, QS has extended its current cash runway into 2026 as the company continues along its commercial scale-up path. With Dr. Sivaram taking over the helm as CEO, we'll look for updates on volume ramps out of Raptor & equipment procurement/buildout for 2026's Cobra process. While we continue to see QS as a leader in next-gen battery technology, we believe nearer-term negative EV headlines & commercial-scale production still far out will keep a ceiling on the shares. We reduce our PT to $6 from $8 & reiterate Hold."

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