Evercore ISI Group Maintains Outperform on ChargePoint Hldgs, Lowers Price Target to $17
Portfolio Pulse from richadhand@benzinga.com
Evercore ISI Group analyst James West has maintained an 'Outperform' rating on ChargePoint Holdings (NYSE:CHPT), but lowered the price target from $20 to $17.
September 08, 2023 | 3:30 pm
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NEUTRAL IMPACT
ChargePoint Holdings' price target has been lowered from $20 to $17 by Evercore ISI Group, though the 'Outperform' rating is maintained.
The lowering of the price target by Evercore ISI Group could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100