
Blink Charging (BLNK) Stock Forecast & Price Target
Blink Charging (BLNK) Analyst Ratings
Bulls say
Blink Charging Co has demonstrated significant growth in network throughput, reporting a 15% increase in 3Q24 to 42.5 GWh, surpassing prior figures and indicating a strong upward trend in electric vehicle charging demand. Service revenues from owned and operated DC fast chargers rose by 32% year-over-year, reaching $34.8 million in 2024, driven by increased site selection and a greater mix of fast chargers. The company's early mover advantage, combined with a vertically integrated value chain and recent momentum amidst underinvestment in U.S. EV charging infrastructure, positions Blink Charging favorably for future growth and revenue generation.
Bears say
The negative outlook on Blink Charging's stock is primarily driven by a downward revision of the company's 2025 sales estimate from $153.5 million to $128.9 million, reflecting lower expectations for revenue growth amid slower electric vehicle adoption. Additionally, the company faces significant challenges including high fixed costs compared to peers, risks associated with mergers and acquisitions, and potential competition that could erode profit margins. The capital-intensive nature of Blink's business model, combined with reliance on both equity and debt financing, further exacerbates financial vulnerability, especially in the context of potential integration issues and adverse regulatory developments impacting the EV market.
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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