Why QuantumScape Stock Is Soaring Today
Shares of electric-vehicle battery start-up QuantumScape (NYSE: QS) were sharply higher on Friday, after an influential Wall Street analyst initiated coverage of the company in a bullish note.
As of 10:30 a.m. EST, QuantScape's shares were up about 15.2% from Thursday's closing price.
One of Wall Street's most widely watched auto analysts, Morgan Stanley's Adam Jonas, initiated coverage of QuantumScape with an overweight rating and a price target of $70 in a note released after the U.S. markets closed on Thursday.
Source Fool.com
