Is Quantumscape Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 3 Wall Street analysts covering (NYSE: QS) stock is to Strong Sell QS stock.
Out of 3 analysts, 0 (0%) are recommending QS as a Strong Buy, 0 (0%) are recommending QS as a Buy, 1 (33.33%) are recommending QS as a Hold, 0 (0%) are recommending QS as a Sell, and 2 (66.67%) are recommending QS as a Strong Sell.
What is QS's forecast return on equity (ROE) for 2023-2024?
(NYSE: QS) forecast ROE is -37.06%, which is considered weak.
What is QS's Price Target?
According to 3 Wall Street analysts that have issued a 1 year QS price target, the average QS price target is $5.00, with the highest QS stock price forecast at $8.00 and the lowest QS stock price forecast at $3.00.
On average, Wall Street analysts predict that Quantumscape's share price could fall to $5.00 by Apr 28, 2024. The average Quantumscape stock price prediction forecasts a potential downside of 24.92% from the current QS share price of $6.66.
What is QS's forecast return on assets (ROA) for 2023-2024?
(NYSE: QS) forecast ROA is -33.01%, which is lower than the forecast US Auto Parts industry average of 7.82%.
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