TD Cowen Just Cut Its Price Target on QuantumScape (QS) Stock

Investors in QuantumScape (NYSE:QS) have certainly had a rough go of it lately. Shares of QS stock are down more than 25% this year and considerably more from the company’s 2020/2021 peak. Today’s downside move of more than 8% appears to be driven by the company’s recent first-quarter earnings. The results missed the mark on earnings per share, with a loss of 24 cents per share reported, relative to expectations of only 21 cents of losses for the quarter.This earnings miss led analysts at TD Cowen to lower ...