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CHPT

ChargePoint Holdings, Inc.

https://www.chargepoint.com

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Specialty Retail

ChargePoint Holdings, Inc. provides electric vehicle (EV) charging networks and charging solutions in the United States and internationally. It offers a portfolio of hardware, software, and services for commercial, fleet, and residential customers. The company was founded in 2007 and is headquartered in Campbell, California.

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ChargePoint Holdings, Inc. (NASDAQ:CHPT) shares are being closely watched as Tesla, Inc. (NASDAQ:TSLA) and Rivian Automotive, Inc. (NASDAQ:RIVN) report strong Q2 EV production and delivery figures. Chinese EV stocks NIO Inc (NYSE:NIO), Li Auto Inc. (NASDAQ:LI), and XPeng Inc. (NYSE:XPEV) also show significant year-over-year delivery increases. ChargePoint could benefit from increased EV sales, but its stock is currently trading in-line with its 50-day moving average and has a high short interest. Benchmark analyst Michael Legg maintained a Buy rating but lowered the price target to $3.

Portfolio Pulse from Erica Kollmann

July 02, 2024 | 3:45 pm

Analysts have recently evaluated ChargePoint Hldgs (NYSE:CHPT) with mixed sentiments. Over the past three months, the stock received 4 bullish and 1 bearish ratings. The average 12-month price target has decreased by 18.43% to $2.7. Analysts have adjusted their ratings and price targets, reflecting a negative shift in sentiment.

Portfolio Pulse from Benzinga Insights

June 28, 2024 | 4:00 pm

Benchmark analyst Michael Legg maintains a Buy rating on ChargePoint Holdings (NYSE:CHPT) but lowers the price target from $4.25 to $3.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 2:10 pm

ChargePoint Holdings, Inc. (NYSE:CHPT) shares are trading lower by 2.42% on Tuesday after announcing a strategic partnership with LG Electronics to develop commercial EV charging solutions. The partnership will integrate ChargePoint’s charger management software with LG’s EV charging hardware, with deliveries starting later this summer. Future collaborations may include integrating ChargePoint’s solutions with LG’s energy storage systems and smart home platform.

Portfolio Pulse from Nabaparna Bhattacharya

June 18, 2024 | 2:26 pm

ChargePoint and LG Electronics have announced a strategic partnership to develop innovative EV charging solutions. LG's hardware will be integrated with ChargePoint's software, aiming to enhance the EV charging experience.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 12:12 pm

ChargePoint Holdings, Inc. (NYSE:CHPT) has partnered with Porsche Cars North America to integrate charging services, increasing the number of chargers available to Porsche customers to over 100,000 across North America. Despite this positive development, CHPT shares are trading lower by 3.33% to $1.75.

Portfolio Pulse from Nabaparna Bhattacharya

June 13, 2024 | 3:12 pm

ChargePoint and Porsche Cars North America have announced a partnership to integrate their charging services, significantly increasing the number of available charging stations in the Porsche Charging Service.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 1:05 pm

Analysts from Needham and Oppenheimer have mixed views on ChargePoint Holdings, Inc. (NYSE: CHPT) despite a positive Q1 performance. Needham's Chris Pierce reiterated a Buy rating with a $3 price target, citing improved revenue and EBITDA. However, he expects Q2 estimates to be revised down and remains cautious about long-term growth. Oppenheimer's Colin Rusch maintained a Perform rating, noting solid operational execution but awaiting further revenue growth evidence. CHPT shares rose 4.05% to $1.80.

Portfolio Pulse from Anusuya Lahiri

June 06, 2024 | 6:03 pm

Analysts have provided mixed ratings for ChargePoint Holdings (NYSE:CHPT) over the past three months, with a majority being bullish. The average 12-month price target has decreased from $3.00 to $2.62. Key analysts have adjusted their ratings and price targets, reflecting changing market dynamics and company performance. ChargePoint faces challenges in revenue growth, net margin, ROE, and ROA, but maintains a sound debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 5:00 pm

TD Cowen analyst Gabe Daoud maintains a Buy rating on ChargePoint Holdings (NYSE:CHPT) but lowers the price target from $4 to $3.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 4:41 pm

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