
ChargePoint Holdings (CHPT) Stock Forecast & Price Target
ChargePoint Holdings (CHPT) Analyst Ratings
Bulls say
ChargePoint Holdings Inc. is well-positioned for growth driven by accelerated U.S. electric vehicle adoption, which is expected to enhance the demand for charging infrastructure and benefit the company as the industry leader. The company is gaining market share as competitors shift towards an owned and operated model that deprioritizes hardware sales, thus capitalizing on its strength in AC charging solutions. Additionally, ChargePoint's margins are improving, supported by a higher contribution from subscription revenue and effective cost reductions, leading to stronger topline results despite a challenging demand environment.
Bears say
ChargePoint Holdings Inc. is facing a challenging demand environment, which has forced the company to delay its previously anticipated positive adjusted EBITDA guidance into later quarters. The company's position in Level 2 AC Charging has weakened, and it has been unable to grow gross margins in alignment with consensus estimates, resulting in disappointing unit growth. Furthermore, economic uncertainty is likely to lead to slower EV charger growth, which, combined with stagnating revenue expectations of approximately $400 million, further complicates ChargePoint's financial outlook.
This aggregate rating is based on analysts' research of ChargePoint Holdings and is not a guaranteed prediction by Public.com or investment advice.
ChargePoint Holdings (CHPT) Analyst Forecast & Price Prediction
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