Needham Maintains Buy on ChargePoint Hldgs, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Chris Pierce maintains a Buy rating on ChargePoint Holdings (NYSE:CHPT) but lowers the price target from $3 to $2.

September 05, 2024 | 10:07 am
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Needham analyst Chris Pierce maintains a Buy rating on ChargePoint Holdings but lowers the price target from $3 to $2.
The maintenance of a Buy rating suggests continued confidence in ChargePoint's long-term prospects. However, the lowered price target indicates a more cautious short-term outlook, likely due to market conditions or company performance. This mixed signal could lead to short-term downward pressure on the stock price.
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