JP Morgan initiatedvQuantumScape(QS:NYE) with Neutral and $35 target

STA Research
by: STA Research

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JP Morgan analyst Jose Asumendi initiated coverage on QuantumScape with a Neutral rating and a $35 target on the stock.

Asumendi says the firm is developing solid-state battery prototypes for the automotive market and will be crucial to the development of global solid-state technology as well as VW’s battery strategy.

Stocktargetadvisor has a average target of $50.50 and a consensus Underperform rating on the stock.

STA Research’s analysis of the stock is Neutral with a score of 5 out of 10, where 0 is very bearish and 10 very bullish.

 

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