Goldman Sachs Maintains Neutral on ChargePoint Hldgs, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney has maintained a Neutral rating on ChargePoint Holdings (CHPT) but has reduced the price target from $2.5 to $2.
January 25, 2024 | 2:03 pm
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Goldman Sachs has maintained a Neutral rating on ChargePoint Holdings but lowered the price target from $2.5 to $2, indicating a potential downside or limited upside.
The reduction in price target by a major analyst like Goldman Sachs suggests they see limited growth potential or possible downside risk for ChargePoint Holdings in the short term. This could lead to negative investor sentiment and a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100