ChargePoint Analysts Cut Their Forecasts Following Q3 Results

Core Insights - ChargePoint Holdings, Inc. reported mixed results for Q3, with adjusted losses of $2.23 per share, missing the analyst estimate of $1.31, while revenue of $105.67 million exceeded the consensus estimate of $96.71 million [1][2] Financial Performance - The company experienced a return to growth, with revenue surpassing expectations, as stated by CEO Rick Wilmer [2] - For the upcoming fourth fiscal quarter ending January 31, 2026, ChargePoint anticipates revenue between $100 million and $110 million [2] Stock Performance - Following the earnings announcement, ChargePoint shares increased by 26.6%, reaching a trading price of $10.79 [3] Analyst Ratings - RBC Capital analyst Christopher Dendrinos maintained a Sector Perform rating on ChargePoint, lowering the price target from $10 to $9 [5] - Roth Capital analyst Craig Irwin also maintained a Neutral rating, reducing the price target from $11 to $8.5 [5]