Goldman Sachs Downgrades QuantumScape (QS) to Sell

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Goldman Sachs downgrades QuantumScape (QS) to Sell

December 14, 2022 7:36 AM EST

Goldman Sachs downgraded QuantumScape (NYSE: QS) to a sell rating from neutral and cut the companys price target to $5.00 (From $8.00) as the companys long-time to market will likely result in continued negative EPS and FCF for several years.

Analyst Mark Delaney wrote in a note, Even if/when... More