B of A Securities Upgrades ChargePoint Hldgs to Buy, Lowers Price Target to $14
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Alex Vrabel upgraded ChargePoint Holdings (NYSE:CHPT) from Neutral to Buy, but lowered the price target from $15.5 to $14.
May 30, 2023 | 11:00 am
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ChargePoint Holdings (NYSE:CHPT) has been upgraded from Neutral to Buy by B of A Securities analyst Alex Vrabel, with a lowered price target of $14.
The upgrade from Neutral to Buy indicates a positive outlook for ChargePoint Holdings by B of A Securities analyst Alex Vrabel. However, the lowered price target from $15.5 to $14 suggests a more conservative valuation. This news is likely to have a positive short-term impact on CHPT's stock price, as investors may see the upgrade as a signal to buy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100