ChargePoint, Blink Charging Shares Are Moving Higher: What's Driving The Action?
Portfolio Pulse from Adam Eckert
Shares of EV charging network companies ChargePoint Holdings Inc (NYSE:CHPT) and Blink Charging Co (NASDAQ:BLNK) are trading higher after UBS initiated coverage on the stocks with a Buy rating. UBS set a price target of $9 for ChargePoint and $7 for Blink. ChargePoint has positive ratings from 18 firms and neutral ratings from four, while Blink has positive ratings from five firms and neutral ratings from five.
September 27, 2023 | 12:33 pm
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POSITIVE IMPACT
UBS initiated coverage on Blink with a Buy rating and a price target of $7. The stock is trading higher following this announcement.
The initiation of coverage by UBS, a major financial institution, with a Buy rating is a positive signal for Blink. This could attract more investors to the stock, driving its price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
UBS initiated coverage on ChargePoint with a Buy rating and a price target of $9. The stock is trading higher following this announcement.
The initiation of coverage by UBS, a major financial institution, with a Buy rating is a positive signal for ChargePoint. This could attract more investors to the stock, driving its price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100