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EVgo (EVGO) Stock Forecast & Price Target

EVgo (EVGO) Analyst Ratings

Based on 17 analyst ratings
Buy
Strong Buy 29%
Buy 35%
Hold 29%
Sell 6%
Strong Sell 0%

Bulls say

EVgo's business model is positioned to thrive in varying market conditions, benefiting from increased utilization as competitors slow their investments amid EV adoption uncertainties. With a growing user base of approximately 6.1 million registered on Plugshare and a notable 116% year-over-year increase in network throughput to 277 GWh for FY24, EVgo demonstrates strong operational traction. The company's revenue of $256.8 million aligns with guidance, while improved gross margin projections for FY25 reflect confidence in the long-term profitability derived from its expanding charging network and the shift towards DC fast charging capabilities.

Bears say

The financial outlook for EVgo appears negative primarily due to increased investor skepticism surrounding electric vehicle investments, particularly in the charging segment, following the November election, which has created significant headwinds for EVGO shares. Additionally, although the company has a signed $1.25 billion Department of Energy loan, concerns remain regarding its ability to secure further funding, given the challenges facing many green economy companies reliant on governmental support. Key risks impacting EVgo’s performance include intense competition, potential delays in charger deployment, ongoing supply-chain disruptions, and unresolved regulatory uncertainties, all of which may hinder the company's ability to scale operations effectively.

EVgo (EVGO) has been analyzed by 17 analysts, with a consensus rating of Buy. 29% of analysts recommend a Strong Buy, 35% recommend Buy, 29% suggest Holding, 6% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of EVgo and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About EVgo (EVGO) Forecast

Analysts have given EVgo (EVGO) a Buy based on their latest research and market trends.

According to 17 analysts, EVgo (EVGO) has a Buy consensus rating as of Aug 25, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $7.32, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $7.32, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

EVgo (EVGO)


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