Where ChargePoint Hldgs Stands With Analysts
Portfolio Pulse from Benzinga Insights
ChargePoint Holdings (NYSE:CHPT) has received 16 analyst ratings in the last quarter, with an average price target of $10.02, which is significantly higher than its current price of $2.02. The ratings are predominantly bullish or somewhat bullish, with no bearish or somewhat bearish ratings. The current average price target has decreased by 26.49% from the previous average of $13.63.
November 20, 2023 | 1:00 pm
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POSITIVE IMPACT
ChargePoint Holdings has a strong bullish sentiment from analysts with no bearish ratings, and a significant upside based on the average price target of $10.02 compared to its current price of $2.02.
The unanimous bullish and somewhat bullish ratings from analysts suggest a positive outlook for CHPT's stock price in the short term. The substantial implied upside from the current price to the target price indicates a strong potential for growth. However, the confidence score is not at the maximum due to the inherent unpredictability of market reactions to analyst ratings and the recent decrease in the average price target.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100