Baird cuts target for QuantumScape stock from USD 8.00 to USD 6.00

Published on 10/24/2026 at 19:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

QuantumScape posted a USD 84.48 million net loss in third quarter 2026. QuantumScape stock costs EUR 3.61 on October 24, 2026.

Analyst target and reporting date

Robert W. Baird cut its QuantumScape target from USD 8.00 to USD 6.00 on October 22, 2026.
QuantumScape reported a USD 84.48 million net loss for the third quarter of 2026 on October 21, 2026.
QuantumScape stock costs EUR 3.61 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST.
QuantumScape plans a technology platform update for November 11, 2026.

QS, US74767V1098, Illustration mit AI erstellt.

QuantumScape Corporation (ISIN US74767V1098) is trading at EUR 3.61 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST. Robert W. Baird cut its price target from USD 8.00 to USD 6.00 while maintaining a Neutral rating, according to MarketBeat on October 22, 2026.

Loss narrows in third quarter

QuantumScape reported a GAAP net loss of USD 84.48 million, or USD 0.14 per diluted share, for the third quarter of 2026, compared with a USD 105.82 million loss, or USD 0.18 per share, in the third quarter of 2025. The company also recorded USD 9.80 million in customer billings, while emphasizing that billings are not a substitute for GAAP revenue.

Operating expenses fell to USD 92.42 million from USD 114.99 million year over year in the third quarter. Adjusted EBITDA loss was USD 60.71 million, and management reiterated full-year 2026 adjusted EBITDA loss guidance of USD 250.00 million to USD 275.00 million.

Nasdaq range remains wide

The latest Nasdaq price was USD 4.03 on October 23, 2026 at 4:00 p.m. ET. The 12-month trading range stood at USD 3.80 to USD 18.56 on October 22, 2026, placing the latest price USD 0.23 above the low and USD 14.53 below the high.

QuantumScape had a market capitalization of USD 2.5 billion and a negative price-to-earnings ratio of 6.40 as of October 23, 2026. The company ended the third quarter with USD 819.80 million in liquidity and used USD 55.06 million in operating cash flow during the quarter.

Next technology date is November 11

QuantumScape said on October 21, 2026 that it plans to present more details on its next-generation technology platform and collaboration model at its third annual Solid-State Battery Symposium in Kyoto on November 11, 2026. The company is targeting 2028 for production to begin on a planned 100-megawatt-hour cell line developed with Muehlbauer Group.

The investment case therefore combines a narrower quarterly loss with a still-development-stage business and a long commercialization timetable. The recent target cuts keep valuation expectations restrained even as QuantumScape expands its battery applications beyond electric vehicles.

Market value and stock position

QuantumScape stock costs EUR 3.61 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of QuantumScape stock.