Citigroup Maintains Neutral on ChargePoint Hldgs, Lowers Price Target to $2.4
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli has maintained a Neutral rating on ChargePoint Holdings (CHPT) but has significantly lowered the price target from $8.25 to $2.4.
December 08, 2023 | 11:36 am
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NEGATIVE IMPACT
Citigroup has maintained a Neutral rating on ChargePoint Holdings but reduced the price target from $8.25 to $2.4, indicating a potential downside or limited upside.
The substantial reduction in price target by Citigroup suggests that the bank sees less potential for ChargePoint's stock price to grow, which could lead to negative investor sentiment and a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100