ChargePoint Holdings (CHPT) Stock Forecast & Price Target

ChargePoint Hldgs is positioned for a constructive rebound because F2Q27 revenue of $116.1M beat the high end of guidance, driven by stronger hardware shipments and home sales, while networked charging systems revenue rose 18% sequentially and 25% year over year. Its profitability profile is improving meaningfully, with non-GAAP gross margin expanding to 38.4% from 31.6% in F1Q and adjusted EBITDA narrowing to $(4.8M), helped by a companywide cost optimization initiative that should keep opex below $50M per quarter and support EBITDA generation as scale rises. The outlook is further strengthened by recurring-revenue port growth, improving utilization, and new product catalysts such as Express Solo, while Europe’s growth, regulatory support, and strategic partnerships add diversification beyond the U.S.-weighted base.

ChargePoint Hldgs is facing a negative fundamental setup because EV adoption remains the key macro overhang, with North America still representing about 82% of revenue and leaving the company highly exposed to a U.S. market that is lagging Europe. Commercial demand has not meaningfully reaccelerated, and the 2Q revenue beat was driven partly by lumpy North American home charging sales rather than a sustained inflection in the stickier core commercial business. Investors also face slower gross margin improvement, a delay in profitability, and liquidity and dilution risk since the company is not cash flow positive and may need to raise capital.