What To Know About B of A Securities's Upgrade of ChargePoint Hldgs
Portfolio Pulse from Benzinga Insights
B of A Securities upgraded ChargePoint Hldgs (NYSE:CHPT) to Buy with a price target of $14.00, a 47.37% increase from the current share price of $9.50. ChargePoint designs, develops, and markets networked electric vehicle charging systems and derives the majority of its revenue from the United States.
May 30, 2023 | 5:01 pm
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B of A Securities upgraded ChargePoint Hldgs (NYSE:CHPT) to Buy with a price target of $14.00, a 47.37% increase from the current share price. The company focuses on electric vehicle charging systems.
The upgrade from B of A Securities is a positive signal for ChargePoint Hldgs, as it indicates increased confidence in the company's prospects. The new price target of $14.00 represents a significant potential upside, which could attract more investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100