Latest news with #MarkDelaney
Globe and Mail
6 days ago
- Business
- Globe and Mail
Why QuantumScape Stock Is Sinking Today
Key Points QuantumScape is sinking after Goldman Sachs published bearish coverage on the stock. Goldman raised its one-year price target on QuantumScape from $2 per share to $3 per share, but it maintained a sell rating on the stock. QuantumScape's solid-state batteries could be revolutionary, but the stock is a high-risk play. 10 stocks we like better than QuantumScape › QuantumScape (NYSE: QS) stock is being hit with big sell-offs Friday in response to bearish analyst coverage. The company's share price was down 6.3% as of 3 p.m. ET. despite the S&P 500 being up 0.4% and the Nasdaq Composite being up 0.3% at the same point in the day. The stock had been down as much as 11.9% earlier in trading. Shortly before the market closed yesterday, Goldman Sachs published new coverage on QuantumScape and reiterated a sell rating on the stock. Despite some recent pullbacks, the company's share price is still up 127% this year. QuantumScape stock sinks following bearish coverage With its coverage yesterday, Goldman Sachs raised its one-year price target on QuantumScape from $2 per share to $3 per share but kept a sell rating on the stock. Mark Delaney, the firm's lead analyst on the solid-state battery specialist, said he saw some encouraging signs with QuantumScape's new Cobra manufacturing process and the expansion of its deal with Volkswagen 's PowerCo subsidiary, but he remained heavily bearish on the stock due to a belief that big risk factors facing the business aren't reflected in its current valuation. As of this writing, the investment firm's price target implies potential downside of roughly 74.5% for the stock. What's next for QuantumScape? QuantumScape's solid-state battery technologies have the potential to make big waves in the electric vehicle (EV) industry by offering superior charge capacity, faster charging, and safety improvements. On the other hand, it still remains to be seen whether they will actually wind up being brought to market and used by Volkswagen's PowerCo and other potential customers. With its recent quarterly report, the company announced that it had secured a new deal with PowerCo worth $131 million and that it now had enough cash to fund its operations through 2029. QuantumScape stock could deliver huge returns if its solid-state batteries see market adoption, but the stock is a speculative play and could see big sell-offs if the company hits roadblocks on the path to commercialization. Should you invest $1,000 in QuantumScape right now? Before you buy stock in QuantumScape, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and QuantumScape wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,774!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,942!* Now, it's worth noting Stock Advisor's total average return is 1,040% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
Yahoo
6 days ago
- Business
- Yahoo
Why QuantumScape Stock Is Sinking Today
Key Points QuantumScape is sinking after Goldman Sachs published bearish coverage on the stock. Goldman raised its one-year price target on QuantumScape from $2 per share to $3 per share, but it maintained a sell rating on the stock. QuantumScape's solid-state batteries could be revolutionary, but the stock is a high-risk play. 10 stocks we like better than QuantumScape › QuantumScape (NYSE: QS) stock is being hit with big sell-offs Friday in response to bearish analyst coverage. The company's share price was down 6.3% as of 3 p.m. ET. despite the S&P 500 being up 0.4% and the Nasdaq Composite being up 0.3% at the same point in the day. The stock had been down as much as 11.9% earlier in trading. Shortly before the market closed yesterday, Goldman Sachs published new coverage on QuantumScape and reiterated a sell rating on the stock. Despite some recent pullbacks, the company's share price is still up 127% this year. QuantumScape stock sinks following bearish coverage With its coverage yesterday, Goldman Sachs raised its one-year price target on QuantumScape from $2 per share to $3 per share but kept a sell rating on the stock. Mark Delaney, the firm's lead analyst on the solid-state battery specialist, said he saw some encouraging signs with QuantumScape's new Cobra manufacturing process and the expansion of its deal with Volkswagen's PowerCo subsidiary, but he remained heavily bearish on the stock due to a belief that big risk factors facing the business aren't reflected in its current valuation. As of this writing, the investment firm's price target implies potential downside of roughly 74.5% for the stock. What's next for QuantumScape? QuantumScape's solid-state battery technologies have the potential to make big waves in the electric vehicle (EV) industry by offering superior charge capacity, faster charging, and safety improvements. On the other hand, it still remains to be seen whether they will actually wind up being brought to market and used by Volkswagen's PowerCo and other potential customers. With its recent quarterly report, the company announced that it had secured a new deal with PowerCo worth $131 million and that it now had enough cash to fund its operations through 2029. QuantumScape stock could deliver huge returns if its solid-state batteries see market adoption, but the stock is a speculative play and could see big sell-offs if the company hits roadblocks on the path to commercialization. Do the experts think QuantumScape is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did QuantumScape make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,040% vs. just 182% for the S&P — that is beating the market by 858.13%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,774!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,942!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group. The Motley Fool recommends Volkswagen Ag. The Motley Fool has a disclosure policy. Why QuantumScape Stock Is Sinking Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
24-07-2025
- Automotive
- CNBC
Here's what Wall Street thinks about Tesla's second-quarter results
Wall Street ratings were a mixed bag after Tesla's second-quarter financial results. Tesla on Wednesday reported a second straight quarter of declining automotive sales , which came in at $16.7 billion for the period, down from $19.9 billion in the same quarter last year. The company also missed on top and bottom lines. Shares of the electric vehicle maker plunged 6% in premarket trading, piling on its roughly 17.7% year to date loss. Tesla has struggled in key markets such as China and Europe and notably lost market share to Chinese companies that have released lower cost EV models. Still, analysts have a wide range of ratings and price targets on Tesla shares. It's a company that bulls tend to stick by for its future value in technologies such as robotaxis, not necessarily its near-term innovation. Analysts polled by LSEG have a consensus price target on Tesla that implies more than 9% downside for Tesla shares. Of the 54 analysts covering the stock, five rate it a strong buy, while 19 rate it a buy and 20 maintain a hold. Ten have an underperform or sell rating on shares. Here's a look at what some Wall Street majors said after the EV maker's earnings release: Goldman Sachs keeps neutral rating, lifts price target to $300 Analyst Mark Delaney raised his 12-month price target to $300 from $285. He said he expects Tesla's revenue growth and profits to improve in 2026, but is keeping his 2025-2027 estimates below the FactSet consensus. "We believe a key focus for investors going forward will be the ability for revenue and profits to reaccelerate driven by Tesla's AI enabled products (e.g. robotaxis, FSD) and new vehicle launches against a more difficult policy environment and given competition," Delaney said in a Wednesday note. "Management did note the potential for the end of IRA EV purchase incentives in 4Q to temporarily pressure fundamentals, but the shift to AI enabled products including robotaxis/FSD and Optimus would be a substantial long-term driver." Wells Fargo reiterates underweight rating, $120 price target Wells Fargo sees major room for downside ahead. Analyst Colin Langan's price target implies Tesla shares stand to lose nearly 64% from their latest close of $332.56 per share. Tesla shares are down in post-earnings trading "despite a Q2 op margin beat as fundamentals look worse into 2H. TSLA did not provide new delivery guidance & warned of added pressure from tariffs, IRA & OBBB. We agree with 2H concerns & remain UW," Langan wrote in a Thursday note. He remains cautious on robotaxis, even after CEO Elon Musk's bullish commentary that robotaxis will "probably address half the population of the U.S." by year-end, and that Tesla expects an Optimus 3 prototype by the end of the year to scale next year. Langan said that scaling robotaxis and Optimus humanoids could take longer than expected, which he believes raises risks as Tesla's core business weakens. Morgan Stanley maintains overweight rating, $410 price target Analyst Adam Jonas is a well-known Tesla bull. He reiterated Tesla as a top pick and kept a target price that implies about 23% potential upside. Still, Jonas lowered his fiscal year 2025 earnings per share expectations by 14% compared to prior forecasts, mostly driven by lower deliveries and higher operating expenses. "2Q numbers were a slight beat with FCF near break-even. Tesla is crossing the chasm to autonomy while absorbing slower volume, EV incentive elimination, tariffs and investing in new initiatives that may not make margins for years," Jonas said in a note about Tesla's results. "Our OW rating and $410 price target are underpinned by our belief that Tesla's capabilities in key areas of physical AI ... offer growth and margin opportunities that greatly exceed those of the traditional EV business, which is under pressure," he added. "we struggle to think of any other company as well positioned as Tesla in terms of data, robotics, energy, AI, manufacturing and supporting infrastructure Bank of America reiterates neutral rating, $341 price target Analyst Federico Merendi anticipates "rough quarters ahead" for Tesla, echoing Musk's commentary. His neutral rating on the stock relies on Tesla's current market advantage in autonomous driving initiatives and physical AI applications, he said. "Tesla commentary on future developments in terms of real-world AI (Autonomous vehicles/robotaxi and Optimus) remains bullish. However, the company is facing challenging times," he wrote in a note to clients. "Commentary also suggests that the tariff impact may increase in the future. However, by end of 2026, management thinks that Tesla's economics will be compelling with autonomy at scale." Evercore ISI maintains in-line rating, $235 price target Analyst Chris McNally expects Tesla's third-quarter results to see the downbeat effects of slower EV launches and tariff impacts. "The LT negative EPS revision trend has continued, unabated," he said in a note. "We believe there will be a sharper cons move post Q3."
Yahoo
21-07-2025
- Automotive
- Yahoo
General Motors Q2 Earnings Preview: What to Expect From Upcoming Report
July 21 - General Motors (NYSE:GM) will report second?quarter results Tomorrow, July 22 Analysts expect adjusted earnings per share of $2.32, down about 24 percent year?on?year, on revenue of $45.79 billion, roughly a 5 percent decline from the prior period. Warning! GuruFocus has detected 3 Warning Sign with GM. On July 2, GM said U.S. sales rose 7.3 percent to 746,588 vehicles in the quarter, driven by strong demand for crossovers and full?size pickups. Electric vehicle deliveries also saw an uptick, though they remain constrained by competition and shifting U.S. incentive policies. Last month, the automaker outlined plans to invest up to $4 billion over two years to expand capacity at plants in Michigan, Kansas and Tennessee, aiming to bolster production of both gas?powered and electric models. Goldman Sachs analyst Mark Delaney maintained a Buy rating and raised his price target to $70, noting that milder-than?expected tariffs could support U.S. auto sales. He still sees sales easing in the second half, forecasting 15.75 million units in 2025 and 15.50 million in 2026. Options traders are bracing for a potential share move of about 5.9 percent in either direction after the earnings release. Is GM Stock a Buy? Based on the one year price targets offered by 27 analysts, the average target price for General Motors Co is $54.82 with a high estimate of $83.00 and a low estimate of $34.00. The average target implies a upside of +3.01% from the current price of $53.22. Based on GuruFocus estimates, the estimated GF Value for General Motors Co in one year is $60.28, suggesting a upside of +13.27% from the current price of $53.22. This article first appeared on GuruFocus. Sign in to access your portfolio
Business Insider
21-07-2025
- Automotive
- Business Insider
General Motors (GM) Is About to Report Q2 Earnings Tomorrow. Here's What to Expect
Legacy automaker General Motors (GM) is set to release its second-quarter 2025 financials on July 22. GM is struggling with slow EV sales, particularly in China, where lower-cost domestic rivals are gaining ground. On top of that, changing U.S. policies on EV incentives and tariff concerns are adding to the uncertainty around its future. For Q2, Wall Street expects EPS of $2.32, marking a decline of 24% year-over-year, while revenue is projected to decline 5% to $45.79 billion. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Meanwhile, TipRanks' AI stock analysis has assigned an Outperform rating on General Motors stock with a price target of $54, reflecting a 1.47% upside potential. On July 2, General Motors reported a 7.3% rise in U.S. sales to 746,588 vehicles in the second quarter. The increase was driven by strong demand for its crossover SUVs, full-size pickups, and a sharp uptick in electric vehicle (EV) deliveries. Last month, General Motors said that it plans to invest up to $4 billion over the next two years to expand production at three U.S. plants. The amount will help GM boost domestic manufacturing of both gas and electric vehicles (EVs) at its plants in Michigan, Kansas, and Tennessee. Analyst's Views Ahead of GM 's Q2 Earnings Heading into the Q2 results, Goldman Sachs analyst Mark Delaney raised the firm's price target on General Motors to $70 from $60 and kept a Buy rating on the stock. He increased the price target based on expectations for milder tariffs than initially expected, which supports a better outlook for the U.S. auto market. That said, Delaney warned that U.S. auto sales could still slow in the second half of the year due to early buying ahead of tariffs and likely higher prices. Goldman now expects U.S. auto sales to reach 15.75 million units in 2025 and 15.50 million in 2026, up from its earlier forecast of 15.40 million and 15.25 million. Options Traders Anticipate a Minor Move Using TipRanks' Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don't worry, the Options tool does this for you. Indeed, it currently says that move in either direction. Is GM a Good Stock to Buy? On TipRanks, GM stock has a Moderate Buy consensus rating based on 12 Buys, six Holds, and two Sells assigned in the last three months. The average General Motors stock price target of $54.92 suggests an upside potential of 3.19% from its current price. Over the past year, shares of the company have gained about 7%.
