What's Going On With ChargePoint Shares?
Portfolio Pulse from Henry Khederian
ChargePoint Holdings Inc (NASDAQ:CHPT) shares are trading lower by 4.6% after Goldman Sachs analyst Mark Delaney maintained a Neutral rating and lowered the price target from $10 to $7. The company recently reported worse-than-expected Q2 results, with a net loss of 24 cents per share and quarterly sales of $150.49 million, slightly below the analyst consensus estimate of $153.24 million.
September 18, 2023 | 3:09 pm
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ChargePoint's stock is trading lower following a price target reduction by Goldman Sachs and disappointing Q2 results. The company reported a larger than expected net loss and slightly missed sales estimates.
The stock is trading lower due to a combination of a lowered price target by Goldman Sachs and worse-than-expected Q2 results. Both of these factors are likely to negatively impact investor sentiment and put downward pressure on the stock price in the short term.
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IMPORTANCE 80
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