JP Morgan Maintains Overweight on ChargePoint Hldgs, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson has maintained an Overweight rating on ChargePoint Holdings (CHPT) but reduced the price target from $8 to $5.
November 17, 2023 | 3:45 pm
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NEGATIVE IMPACT
JP Morgan has maintained an Overweight rating on ChargePoint Holdings but lowered the price target from $8 to $5, indicating a potential downside compared to the previous target.
The reduction in price target by a major analyst like JP Morgan suggests a reassessment of ChargePoint's future growth or profitability, which could lead to a negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100