Why Blink Charging Stock Is Rising Today
Portfolio Pulse from Ryan Gustafson
UBS analyst Robert Jamieson initiated coverage on Blink Charging Co. (NASDAQ:BLNK) with a Buy rating and a price target of $7. He highlighted the company's unique business model, margin improvement potential, and its position as the third largest public electric vehicle network of chargers in the U.S. He anticipates the company's revenue to be $180 million in 2024 and $250 million in 2025, 8% above the Street's estimate. Shares of BLNK were up 5.63% at $3.10 at the time of publication.
September 27, 2023 | 7:42 pm
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UBS initiated coverage on Blink Charging with a Buy rating and a price target of $7. The analyst anticipates the company's revenue to be $180 million in 2024 and $250 million in 2025, 8% above the Street's estimate.
The positive coverage from UBS, including a Buy rating and a price target above the current trading price, is likely to boost investor confidence in Blink Charging. The analyst's revenue projections, which are above the Street's estimates, also indicate strong growth potential for the company. This news is highly relevant and important for BLNK investors, and the impact on the stock price is likely to be positive in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100