ChargePoint Holdings (CHPT) Stock Forecast & Price Target

ChargePoint Holdings Inc. reported F3Q26 revenue of $105.7 million, marking a 6% year-over-year increase, driven by strong residential product sales in anticipation of the federal EV tax credit expiration. The company has improved its balance sheet significantly by reducing total outstanding debt by over 50%, amounting to $172 million, which enhances financial stability and positions ChargePoint favorably for future growth. With subscription revenue contributing 40% of the revenue mix and management targeting growth acceleration in the second half of CY26, the company is well-positioned to capitalize on the increasing demand for electric vehicles and its expanded product offerings in both the U.S. and European markets.

ChargePoint Holdings Inc has reported hardware gross margins that remain stagnant at approximately 8%, indicating persistent pressure on profitability. Although networked charging system and subscription revenues show year-over-year growth at 7% and 15%, respectively, other revenue has declined, highlighting potential concerns in overall financial health. The company's reliance on adequate capital access, potential supply chain disruptions, and the risks associated with integrating mobile applications pose significant challenges that could adversely impact its growth trajectory and investor confidence.