The reiteration of a Buy rating and maintenance of a $7 price target by a reputable analyst like Chris Pierce from Needham could positively influence investor sentiment towards Blink Charging. This endorsement reaffirms the analyst's confidence in the company's potential, likely encouraging both current and potential investors. Such analyst actions often lead to short-term positive movements in the stock price, as they are seen as a vote of confidence in the company's future prospects.