QuantumScape (NYSE:QS) Raised to “Hold” at William Blair

Posted by Geri Gentry on Oct 24th, 2026

QuantumScape (NYSE:QS – Get Free Report) was upgraded by stock analysts at William Blair to a “hold” rating in a research note issued to investors on Thursday, Zacks reports.

Other research analysts also recently issued reports about the stock. Robert W. Baird decreased their price target on shares of QuantumScape from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday. Morgan Stanley cut their price objective on shares of QuantumScape from $8.50 to $4.50 and set an “equal weight” rating for the company in a research report on Thursday, October 15th. Finally, TD Cowen reduced their price objective on QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Six research analysts have rated the stock with a Hold rating. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $7.36.

Get Our Latest Stock Report on QS

QuantumScape Price Performance

NYSE QS opened at $4.03 on Thursday. QuantumScape has a 52 week low of $3.80 and a 52 week high of $18.56. The firm has a market capitalization of $2.50 billion, a P/E ratio of -4.98 and a beta of 2.83. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $4.99 and a 200-day moving average price of $6.32.

QuantumScape (NYSE:QS – Get Free Report) last issued its quarterly earnings data on Wednesday, October 21st. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.03. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. Equities research analysts anticipate that QuantumScape will post -0.82 earnings per share for the current year.

Insider Buying and Selling at QuantumScape

In other news, CTO Timothy Holme sold 75,000 shares of QuantumScape stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $5.09, for a total transaction of $381,750.00. Following the transaction, the chief technology officer directly owned 1,583,075 shares of the company’s stock, valued at $8,057,851.75. The trade was a 4.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 294,599 shares of company stock worth $1,473,271. 3.93% of the stock is owned by insiders.

Institutional Investors Weigh In On QuantumScape

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB boosted its position in shares of QuantumScape by 145.5% in the second quarter. Handelsbanken Fonder AB now owns 308,800 shares of the company’s stock worth $2,335,000 after purchasing an additional 183,000 shares during the period. AXQ Capital LP increased its stake in shares of QuantumScape by 313.2% in the second quarter. AXQ Capital LP now owns 463,653 shares of the company’s stock worth $3,505,000 after purchasing an additional 351,451 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of QuantumScape during the 2nd quarter valued at $9,619,000. William John Sempolinski bought a new stake in shares of QuantumScape during the 2nd quarter valued at $1,527,000. Finally, Dimensional Fund Advisors LP raised its position in shares of QuantumScape by 134.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,735,035 shares of the company’s stock valued at $36,570,000 after purchasing an additional 3,290,942 shares during the period. Institutional investors own 29.87% of the company’s stock.

Key QuantumScape News

Here are the key news stories impacting QuantumScape this week:

Positive Sentiment: QuantumScape reported a third-quarter loss of $84.5 million, or $0.14 per share, narrower than both the prior-year loss and analysts’ $0.17-per-share estimate. Lower operating expenses helped improve results. QuantumScape’s Q3 Loss Narrows on Lower Operating Costs
Positive Sentiment: The company announced plans for a 100-megawatt-hour solid-state battery production line, targeted to begin production in 2028, with applications in AI data centers, aerospace and defense. QuantumScape will work with Muehlbauer Group on manufacturing automation equipment. QuantumScape Announces Plans for 100 MWh Solid-State Battery Production Line
Positive Sentiment: Management said potential AI data-center customers are seeking battery supply at volume, while QuantumScape recorded its first customer billings from Honda. These developments support the company’s effort to move beyond prototype production and toward commercial demand. QuantumScape: 3 Key Takeaways for Long-Term Investors
Neutral Sentiment: The production-line plan is strategically significant but remains a 2028 target; investors still need evidence of customer commitments, financing and successful manufacturing scale-up before assigning substantial commercial value.
Negative Sentiment: Robert W. Baird lowered its price target from $8 to $6 and maintained a neutral rating, reflecting continued uncertainty despite the potential upside. Robert W. Baird QuantumScape Rating
Negative Sentiment: Shares remain well below their 50-day and 200-day moving averages and have fallen sharply over the past year, while commentary suggests the stock may already reflect considerable future battery-expansion optimism.

About QuantumScape

(Get Free Report)

QuantumScape Corporation is a development-stage battery technology company focused on solid-state lithium-metal batteries. Its technology is designed to replace the liquid or gel electrolytes used in conventional lithium-ion batteries with a solid-state separator, with the goal of improving energy density, charging performance, safety and operating range for electric vehicles.

The company is developing prototype battery cells and related manufacturing processes for automotive applications.