UBS Just Slashed Its Price Target on QuantumScape (QS) Stock

With QuantumScape’s (NYSE:QS) recent first-quarter earnings report, the devil may be in the details. Earlier, UBS slashed its price target on QS stock to $5 from $9 after the company reported an earnings miss. However, an element of QuantumScape’s core product may have spooked investors.At first glance, the red ink in QS stock appears to be a straightforward matter. On Wednesday, the company — which specializes in solid-state battery (SSB) technology for electric vehicles — reported a loss per share of 24 c ...