
Blink Charging (BLNK) Stock Forecast & Price Target
Blink Charging (BLNK) Analyst Ratings
Bulls say
Blink Charging Co has demonstrated significant operational improvements, highlighted by an increase in service margins to 13.3% from 11.1%, driven by an 8.9% surge in service revenue during the recent quarter. The company has also effectively reduced its operating expenses by 7.9% year-over-year, primarily through a 9.4% cut in compensation costs. Looking ahead, Blink Charging expects sequential growth in service revenues for 2025, bolstered by a strategic emphasis on expanding its DC Fast Charging portfolio, which should enhance both service and overall revenues in upcoming quarters.
Bears say
The financial outlook for Blink Charging Co is negatively impacted by a substantial 69.5% year-over-year decline in product sales, with revenue dropping to $8.4 million in 1Q25 from $27.5 million in 1Q24. Additionally, the company's blended gross profit decreased to $7.4 million in 1Q25, representing 35.5% of revenues, down from $13.4 million and 35.7% in the same quarter of the previous year. Furthermore, ongoing challenges in the EV charging industry, compounded by an uncertain macroeconomic and geopolitical environment, contribute to a cautious perspective on the company's future performance.
This aggregate rating is based on analysts' research of Blink Charging and is not a guaranteed prediction by Public.com or investment advice.
Blink Charging (BLNK) Analyst Forecast & Price Prediction
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