TD Cowen lowered the firm’s price target on QuantumScape to $7 from $8 and keeps a Hold rating on the shares. The firm said the company kicked-off 2024 by shipping Alpha-2 prototype cells to customers and thus accomplishing one of its four goals for 2024 but the focus remains on ramping Raptor production delivering low volume B-samples by the year-end and setting up Cobra for a successful launch in 2025.
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