Unveiling 9 Analyst Insights On ChargePoint Hldgs
Portfolio Pulse from Benzinga Insights
ChargePoint Holdings (NYSE:CHPT) has received mixed analyst ratings over the past three months, with 9 analysts offering evaluations. The average 12-month price target is now $3.24, down from $7.46, indicating a 56.57% decline. Analysts from firms including Goldman Sachs, Citigroup, B. Riley Securities, Needham, HSBC, UBS, RBC Capital, and JP Morgan have adjusted their ratings and price targets, mostly lowering them in response to market conditions and company performance. ChargePoint, which operates in the EV charging infrastructure market, shows a negative revenue trend with a -12.01% decline in growth, a high net margin of -143.47%, and below-average ROE and ROA, indicating financial challenges.
January 25, 2024 | 4:02 pm
News sentiment analysis
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NEGATIVE IMPACT
ChargePoint Holdings has seen a significant reduction in its average price target from analysts, indicating potential bearish sentiment in the short term. The company's financial performance shows challenges, which may impact investor confidence.
The reduction in the average price target by analysts suggests that they expect ChargePoint's stock price to decline in the short term. The negative revenue trend and below-average financial performance metrics such as ROE and ROA support this bearish outlook. The high net margin in the negative indicates significant losses relative to revenue, which is concerning for profitability and could lead to a decrease in stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100