Analyst Scoreboard: 11 Ratings For EVgo
Portfolio Pulse from Benzinga Insights
In the past three months, 11 analysts have rated EVgo (NASDAQ:EVGO), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $4.73. EVgo has shown strong revenue growth but faces challenges with profitability and asset efficiency.
September 23, 2024 | 6:00 pm
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EVgo has received mixed analyst ratings, with a majority being somewhat bullish. The average price target has increased slightly, indicating a positive outlook. However, the company faces challenges in profitability and asset efficiency despite strong revenue growth.
The increase in the average price target and the majority of somewhat bullish ratings suggest a positive short-term outlook for EVgo. However, the company's financial health indicators, such as net margin and ROE, highlight ongoing challenges. The strong revenue growth is a positive sign, but investors should be cautious of the profitability issues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100