2 Wall Street Analysts Cut ChargePoint's Price Target by 25%: Here's Why They're Right.

Down roughly 20% since the start of the year, ChargePoint (CHPT 1.04%) stock has clearly failed to charge up investor excitement in 2024 as the S&P 500 has soared almost 7%. In fact, this EV charging infrastructure stock has been consistently powering down over the past year -- a period during which it has fallen more than 80%. At least two analysts think that the stock is bound to bounce higher, but not as much as they had preciously thought. Chris Pierce, an analyst at Needham, and Jaime Perez, an analyst ...