🔍 Did analysts revise their QS stock ratings or price targets after the announcements?

**Analysts' reactions to the EV tax credit announcements for QuantumScape (QS) have been mixed, with some revisions to price targets but no significant changes to stock ratings.** Here's a detailed analysis: 1. **Neutral Ratings and Price Target Increases**: After the EV tax credit announcements, analysts maintained a neutral consensus rating for QS. However, the average price target increased to $11, reflecting a more optimistic outlook on the company's potential. 2. **No Rating Changes**: Despite the market fluctuations and insider selling, analysts did not downgrade QS. Instead, they maintained their hold ratings, as evidenced by Baird's decision to hold its rating with a 12-month price target of $11. This suggests that analysts believe QS has potential, but it may not be ready for a full-blown upgrade yet. 3. **Selective Price Target Adjustments**: While some analysts raised their price targets, others did not make significant changes. This indicates a cautious approach among analysts, who are likely waiting for more concrete evidence of QS's progress in commercializing its solid-state battery technology. In conclusion, analysts have not uniformly revised their QS stock ratings in response to the EV tax credit announcements. Instead, we have seen selective price target adjustments, with some increases and others remaining stable. The neutral ratings maintained by analysts suggest a balanced view of QS's potential, with a focus on the company's strategic developments and market positioning.