Goldman Sachs Maintains Sell Rating for QuantumScape: Here's What You Need To Know

Goldman Sachs has decided to maintain its Sell rating of QuantumScape QS and lower its price target from $6.00 to $5.00.

Shares of QuantumScape are trading down 5.09% over the last 24 hours, at $6.15 per share.

A move to $5.00 would account for a 18.7% decline from the current share price.

About QuantumScape

QuantumScape Corp is engaged in the development of next-generation solid-state lithium-metal batteries for use in electric vehicles. It developed an anode-less cell design, which delivers high energy density while lowering material costs and simplifying manufacturing.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.