UBS has adjusted its price target for ChargePoint (CHPT, Financial), reducing it from 70 cents to 65 cents while maintaining a Neutral rating on the stock. This revision comes as part of a first-quarter review of the electric vehicle charging sector.
The financial firm anticipates a more cautious outlook for charging hardware manufacturers due to the unpredictable effects of tariffs, which could impact both profitability and demand for electric vehicles. These circumstances might delay the company's target for breaking even on an adjusted EBITDA basis.
Investor sentiment towards EV charging equipment providers like ChargePoint remains subdued, influenced by uncertainties surrounding tariffs and policies, along with issues like excess inventory and more conservative purchasing behavior from fleet customers.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for ChargePoint Holdings Inc (CHPT, Financial) is $1.29 with a high estimate of $3.00 and a low estimate of $0.50. The average target implies an upside of 126.21% from the current price of $0.57. More detailed estimate data can be found on the ChargePoint Holdings Inc (CHPT) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, ChargePoint Holdings Inc's (CHPT, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for ChargePoint Holdings Inc (CHPT, Financial) in one year is $3.84, suggesting a upside of 572.5% from the current price of $0.571. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the ChargePoint Holdings Inc (CHPT) Summary page.
