1 Wall Street Analyst Boosts QuantumScape's Price Target by 60%: Here's Why He's Right

 Last summer, Ben Kallo, an analyst at Baird, wasn't so optimistic about shares of QuantumScape (QS -3.05%), and he turned out to be right.But now he believes the stock can reverse its recent downward trajectory thanks to the company's recent personnel move, and he sees it climbing back to $8 -- a 60% increase over the original $5 price target that he had assigned.A C-suite change could help facilitate the company's growthQuantumScape announced this week that its current CEO, Jagdeep Singh, is stepping down ...