Needham Reiterates Buy on ChargePoint Hldgs, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Chris Pierce has reiterated a 'Buy' rating on ChargePoint Holdings (NYSE:CHPT), but lowered the price target from $9 to $8.

October 03, 2023 | 11:45 am
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NEUTRAL IMPACT
Needham analyst has reiterated a 'Buy' rating on ChargePoint Holdings but lowered the price target from $9 to $8.
The reiteration of the 'Buy' rating indicates the analyst's continued confidence in the company's prospects, which could be positive for the stock. However, the lowering of the price target could indicate a perceived decrease in the company's future value, which could have a negative impact. The net effect on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100