Evercore ISI Group Maintains Outperform on ChargePoint Hldgs, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an 'Outperform' rating on ChargePoint Holdings (NYSE:CHPT) but has lowered the price target from $6 to $4.
September 05, 2024 | 1:04 pm
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Evercore ISI Group has maintained an 'Outperform' rating on ChargePoint Holdings but has lowered the price target from $6 to $4, indicating a more cautious outlook.
The maintenance of an 'Outperform' rating suggests continued confidence in ChargePoint's potential, but the lowered price target from $6 to $4 indicates a more cautious outlook on its short-term performance. This could lead to a negative short-term impact on the stock price as investors adjust expectations.
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