QuantumScape (NYSE:QS) Stock Moved Up to “Hold” by William Blair

Posted by Brenda Bartman on Oct 24th, 2026

William Blair upgraded shares of QuantumScape (NYSE:QS – Free Report) to a hold rating in a research report sent to investors on Thursday morning,Zacks reports.

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

Check Out Our Latest Research Report on QS

QuantumScape Trading Down 2.9%

Shares of NYSE QS opened at $4.03 on Thursday. The company has a market cap of $2.50 billion, a price-to-earnings ratio of -4.98 and a beta of 2.83. QuantumScape has a 12-month low of $3.80 and a 12-month high of $18.56. The company has a current ratio of 21.14, a quick ratio of 21.14 and a debt-to-equity ratio of 0.02. The stock’s 50 day simple moving average is $4.99 and its 200 day simple moving average is $6.32.

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

Insider Transactions at QuantumScape

In related news, CTO Timothy Holme sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $5.09, for a total value of $381,750.00. Following the sale, the chief technology officer directly owned 1,583,075 shares in the company, valued at $8,057,851.75. This trade represents a 4.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 294,599 shares of company stock valued at $1,473,271. Corporate insiders own 3.93% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. TD Waterhouse Canada Inc. increased its holdings in shares of QuantumScape by 101.5% during the second quarter. TD Waterhouse Canada Inc. now owns 5,361 shares of the company’s stock valued at $41,000 after purchasing an additional 2,700 shares during the period. Vestor Capital LLC raised its stake in shares of QuantumScape by 255.2% during the first quarter. Vestor Capital LLC now owns 8,000 shares of the company’s stock valued at $51,000 after purchasing an additional 5,748 shares in the last quarter. Onyx Bridge Wealth Group LLC bought a new stake in shares of QuantumScape during the first quarter valued at about $65,000. Cobblestone Asset Management LLC acquired a new stake in QuantumScape in the first quarter worth about $68,000. Finally, QRG Capital Management Inc. acquired a new stake in QuantumScape in the first quarter worth about $74,000. Institutional investors own 29.87% of the company’s stock.

Key Stories Impacting QuantumScape

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.

QuantumScape Company Profile

(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.