QuantumScape Corporation (NASDAQ:QS) is one of the 12 Best Stocks Under $10 to Invest In Right Now. On February 18, HSBC upgraded its rating on QuantumScape Corporation (NASDAQ:QS) from Reduce to Hold but lowered its price target from $10.50 to $8.30 on the stock.
HSBC pointed to the company’s progress in meeting its 2025 goals. These include integrating Cobra into cell production, shipping Cobra-integrated QSE-5 cells, installing equipment for the Eagle line, and expanding commercial agreements. The research firm believes QuantumScape Corporation (NASDAQ:QS) is on a strong path to mass-market commercialization.
Also on February 18, TD Cowen reduced its price target on QuantumScape Corporation (NASDAQ:QS) from $16 to $8 and kept its Hold rating. The research firm said challenges in the EV market have delayed expectations for the company’s production ramp-up. TD Cowen noted that QuantumScape Corporation (NASDAQ:QS) continues to perform well. The firm also noted the company’s 2026 goals, which highlight expansion into high-value non-automotive markets. However, TD Cowen believes these opportunities will take time to materialize.
Earlier, on February 12, Baird lowered its price target on QuantumScape Corporation (NASDAQ:QS) from $13 to $12 and kept its Neutral rating. The firm updated its estimates after the company reported Q4 results and shared its strategic plans for 2026.
QuantumScape Corporation (NASDAQ:QS) is an American company focused on developing next-generation, solid-state lithium-metal batteries for electric vehicles and other applications.
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