UBS Downgrades ChargePoint Hldgs to Neutral, Lowers Price Target to $2.25
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Robert Jamieson downgraded ChargePoint Holdings (CHPT) from Buy to Neutral and reduced the price target from $9 to $2.25.

November 28, 2023 | 9:18 am
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UBS downgraded ChargePoint Holdings from Buy to Neutral and significantly lowered the price target from $9 to $2.25.
Analyst downgrades typically lead to a negative perception of the company's stock in the short term, as they suggest a less favorable outlook on the company's future performance. The substantial decrease in the price target from $9 to $2.25 by a major financial institution like UBS is likely to be taken seriously by investors, potentially leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100