
EVgo (EVGO) Stock Forecast & Price Target
EVgo (EVGO) Analyst Ratings
Bulls say
The positive outlook for EVgo's stock is underscored by a significant increase in total network throughput, which rose by 25% year-over-year and 8% sequentially, indicating strong demand for its charging infrastructure. The forecasted revenue growth of approximately 35% year-over-year in 2025, along with management's plans for an annual deployment of up to 5,000 new charging stalls through 2029, demonstrates a robust expansion strategy supported by substantial financing. Additionally, ancillary revenue from dedicated hubs and a steady rise in margins for the charging network further reinforces the expectation of EVgo achieving EBITDA positivity by the fourth quarter of 2025.
Bears say
The analysis indicates that EVgo's revenue growth is under significant pressure due to a slowdown in electric vehicle (EV) adoption, compounded by increased competition in the DC fast-charging market. The company's revenue of $92.3 million fell short of projections by 4.9% and exhibited a sequential decline of 5.8%, suggesting a troubling trend in ongoing financial performance. Furthermore, the anticipated stagnation of EV adoption rates, coupled with challenges such as higher interest rates and changes in the regulatory environment, could further hinder EVgo’s growth trajectory and investor sentiment.
This aggregate rating is based on analysts' research of EVgo and is not a guaranteed prediction by Public.com or investment advice.
EVgo (EVGO) Analyst Forecast & Price Prediction
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