QS Crosses Above Average Analyst Target
May 15, 2024 at 07:08 AM EDT
In recent trading, shares of QuantumScape Corp (QS) have crossed above the average analyst 12-month target price of $6.19, changing hands for $6.26/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..