Blink Charging (BLNK) Stock Forecast & Price Target

Blink Charging Co. has demonstrated a positive trajectory, as evidenced by a sequential improvement in service margins, which increased to 13.3%, supported by an 8.9% growth in service revenues. Additionally, the company has effectively managed its operating expenses, achieving a 7.9% year-over-year reduction largely due to a significant decline in compensation expenses. Management's strategic focus on customer-centric business models and the expansion of their DC Fast Charging portfolio further positions Blink for anticipated revenue growth in the coming quarters, particularly with positive guidance for service revenues in 2025.

Blink Charging Co has experienced a significant decline in product sales, which dropped 69.5% year-over-year to $8.4 million in the first quarter of 2025, compared to $27.5 million in the same quarter of 2024. Additionally, the company's blended gross profit decreased to $7.4 million, representing 35.5% of revenues, down from $13.4 million or 35.7% of revenues a year earlier. These factors, coupled with ongoing challenges in the EV charging industry and an uncertain macroeconomic and geopolitical environment, contribute to a negative outlook for the company's stock.