What's Going On With ChargePoint Holdings Stock?
Portfolio Pulse from Erica Kollmann
ChargePoint Holdings, Inc. (NYSE:CHPT) shares are trading lower, down nearly 40% over the last month. Needham analyst Chris Pierce reiterated a Buy rating for ChargePoint but lowered the price target from $9 to $8. The stock is also being affected by Tesla's lower than expected third-quarter delivery numbers. ChargePoint shares are down nearly 5% at $4.52.
October 03, 2023 | 3:12 pm
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NEGATIVE IMPACT
ChargePoint shares are trading lower, down nearly 40% over the last month. Needham analyst Chris Pierce reiterated a Buy rating but lowered the price target from $9 to $8.
The stock is trading lower due to the lowered price target by Needham analyst. The overall bearish market sentiment is also contributing to the decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tesla's lower than expected third-quarter delivery numbers may be affecting ChargePoint's stock.
Tesla's lower than expected delivery numbers may be causing a ripple effect on related stocks like ChargePoint.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50